Earnings: Sony Ericsson Reports Fourth Straight Quarterly Loss

Sony Ericsson Aino

Sony (NYSE: SNE) Ericsson (NSDQ: ERIC) reported a fourth straight quarterly loss in the second quarter, after shipping 13.8 million phones, or 43 percent less than a year earlier. The joint venture’s net loss was 213 million euros ($300 million), which was smaller than analysts anticipated, Bloomberg reported. Net income a year ago totaled 6 million euros. Sales fell 40 percent to 1.68 billion euros, missing analysts

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