Sony Ericsson Net Rises Less Than Estimated on Parts Shortages
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Sony Ericsson Mobile Communications AB’s third-quarter revenue and profit fell short of analyst estimates as component shortages capped sales.
Shares of the mobile-phone venture’s parents Sony Corp. and Ericsson AB slid after the London-based company said in a statement that net income was 49 million euros ($68.8 million) compared with a loss of 164 million euros a year earlier. That fell short of the 59 million euros analysts had predicted, according to the median of 13 estimates collected by Bloomberg.