Ericsson’s losses narrow, North American business ramping up

Ericsson reported first-quarter results that appeared to cheer investors, sending the company’s Swedish shares up after the news. Importantly, the company’s losses narrowed, an indication that CEO Börje Ekholm’s aggressive cost-cutting efforts—which have included the reduction of thousands of jobs during the past several quarters—are beginning to help Ericsson return to profitability.
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