Ericsson Earnings Miss Views as Poor Margins Weigh
Swedish network equipment vendor Ericsson (ERIC) Wednesday reported a bigger-than-expected drop in second-quarter earnings with profits stunted by a high number of low-margin sales in Europe and slow demand in some markets, but said it expects improvement towards the end of the year.
LSE Group Revenue Up 10%; Sees Quiet Trading Environment
The London Stock Exchange Group PLC (LSE.LN) on Wednesday said the trading environment is still weak and that the next few months will likely to be quiet, even after posting a 10% rise in first-quarter revenue from a year earlier.
Yara Says Agricultural Markets Are Strong, Posts Higher Profit
Norwegian fertilizer producer Yara International ASA (YAR.OS) Wednesday said agricultural markets are strong as the company posted a rise in second-quarter net profit, helped by higher volumes and improved margins amid a strong nitrogen fertilizer market.