Telecommunications-equipment giant Ericsson AB reported another quarter of falling sales and widening losses as it struggles to compete with new Chinese players, but investors saw signs that a monthslong turnaround effort was starting to bear fruit. Ericsson on Friday reported a 6% fall in third-quarter revenue to 47.8 billion Swedish kronor ($5.9 billion) and a wider net loss 4.3 billion kronor, compared with a 200 million kronor in the same period last year. It was Ericsson’s fourth straight quarter of losses—and the company...

Source: Wall Street Journal October 20, 2017 10:41 UTC