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Ericsson Falls on Prediction Mobile Broadband Woes Will Continue

Swedish telecom equipment maker Ericsson (ERIC) on Friday promised additional restructuring measures and pointed to two to three more quarters of woes as it fleshed out quarterly earnings figures that had sent its stock plummeting last week.

As previously announced, Ericsson's third-quarter operating profit shriveled to 300 million Swedish kronor ($33.7 million) from Skr5.1 billion a year earlier as sales and profitability in a unit that supplies mobile broadband equipment plunged. Group sales fell to Skr51.1 billion from...