- Ericsson (NASDAQ:ERIC) disclosed plans to restructure its operating units to focus on mobile infrastructure and business customers, effective June 1.
- EVP Arun Bansal and Peter Laurin, head of the business area managed services, will leave the company.
- Also Read: Ericsson Shares Drop Post Q1 Results; Acknowledges DOJ Penalty, Russia Business Suspension
- Ericsson created a new business unit by merging digital services and managed services to increase its cloud expertise and build automation and artificial intelligence products. Ericsson veteran Per Narvinger will lead the division.
- A new unit for enterprise wireless business will develop 5G-related products to meet the needs of big companies. Cradlepoint CEO George Mulhern will helm the division.
- Price Action: ERIC shares traded lower by 1.49% at $7.93 in the premarket session on the last check Wednesday.
Advanced Emissions Solns Q4 Sales $23.30M Beat $11.48M Estimate
Advanced Emissions Solns (NASDAQ: ADES) reported quarterly sales of $23.30 million which beat the analyst consensus estimate of $11.48 million by 102.96 percent.
