Ericsson Announces SEK 6.1 Billion Provisions for 4Q; Lowering FVE to SEK 62
No-moat Ericsson announced SEK 6.1 billion worth of provisions to its business support systems, or BSS, division for the fourth quarter of 2018. These provisions will impact fourth-quarter operating income results for the aforementioned amount and the majority of the impact will be seen through a gross margin decrease. SEK 3.1 billion are related to restructuring charges, and Ericsson expects an additional SEK 1.5 billion of restructuring charges in 2019. After accounting for these impacts and l...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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