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Sony Ericsson Swings to Profit, Sales Slip

STOCKHOLM (TheStreet) — Sony Ericsson, the mobile phone maker, said pretax earnings in the fourth quarter were €39 million (.5 million), higher than a year earlier but lower sequentially because of decreased sales. Sales in the quarter fell to €1.53 billion from €1.75 billion a year earlier and €1.6 billion sequentially. Analysts surveyed by Thomson Reuters expected Sony Ericsson, a joint …
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Sony Ericsson reports flat Q4

Sony Ericsson’s recovery continued in 4Q10 with the firm recording its fourth consecutive quarterly profit, however the results disappointed analysts who expected better.
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Sony Ericsson Swings To Fourth-quarter Profit

LONDON — Sony Ericsson Mobile Communications on Thursday said it swung to a fourth-quarter profit of 8 million euros (.8 million) from a loss of 167 million euros recorded in the year-earlier period. The result missed analysts’ expectation for a profit of 68 million euros, according to a poll of analysts conducted by Dow Jones Newswires. It was the fourth consecutive quarter of profitability …
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