Ericsson Reported Predictably Weak Start for 2017; Restructuring Is on Track; Maintain $7.50 FVE
Ericsson’s first-quarter results were expectedly underwhelming, as continued weakness in radio networks was compounded by lower IP licensing revenue and speedy declines in the legacy portion of the media and IT and cloud segments. The company is putting additional efforts into its restructuring program as related charges grew to SEK 13.4 billion in the quarter, and management is seeking strategic options for its media segment as well as parts of the IT & cloud business. Ericsson also expects...Ericsson provides communications technology and services. Co.'s services, software and infrastructure – especially in mobility, broadband and the cloud – enable the telecom industry and other sectors to do business, increase efficiency, improve the user experience and capture new opportunities. Co. has more than 110,000 professionals and customers in more than 180 countries. Co. provides support for networks with more than 2.5 billion subscribers. Co.'s core business areas are called Radio, Core and Transmission and Telecom Services. Co. divides its operations into three business segments: Networks, Global Services and Support Solutions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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