Telefonaktiebolaget LM Ericsson (publ) announced group earnings results for the fourth quarter and year of 2016. For the fourth quarter, the company's net sales were SEK 65.2 billion against SEK 73.6 billion for the same period last year. Operating loss was SEK 0.3 billion against operating income of SEK 11.0 billion for the same period last year, the decrease is mainly due to lower IPR licensing revenues, higher restructuring charges and lower gross margin. Net loss was SEK 1.6 billion against net income of SEK 7.0 billion for the same period last year. Loss per diluted share was SEK 0.48 against earnings per diluted share of SEK 2.15 for the same period last year. Cash flow from operating activities was SEK 19.4 billion against SEK 21.9 billion for the same period last year. The company reported adjusted earnings of SEK 0.62 ($0.07) per share, down from SEK 2.50 per share in the prior year period. For the full year, the company's net sales were SEK 222.6 billion against SEK 246.9 billion for the same period last year. Operating income was SEK 6.3 billion against SEK 21.8 billion for the same period last year. Net income was SEK 1.9 billion against SEK 13.7 billion for the same period last year. Earnings per diluted share were SEK 0.52 against SEK 4.13 for the same period last year. Cash flow from operating activities was SEK 14.0 billion against SEK 20.6 billion for the same period last year.