Though stung by a higher net loss and lower sales for the third quarter, Sony Ericsson managed to beat expectations.
The mobile phone maker said Friday it lost 164 million euros ($243.7 million) in the quarter, compared with a loss of 25 million euros ($37.1 million) in the third quarter of 2008.
But analysts polled had been eyeing a net loss of 227 million euros. The company's results also showed an improvement over the second quarter when the company had a net loss of 213 million euros.
Sales for the third quarter fell to 1.62 billion … Read more