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Sony Ericsson posts 2 mln euro EBIT loss in Q2

STOCKHOLM, July 18 (Reuters) - Mobile phone maker Sony Ericsson posted a 2 million euro ($3.17 million) operating loss on Friday versus expectations for a gain of the same amount.

The joint venture, owned by Ericsson ERICb.ST and Sony Corp. 6758.T, had issued a warning three weeks ago, saying its pretax result in the quarter was expected to be about break even.

Pretax profit was 8 million euros in the quarter versus analysts’ post-warning forecasts for 10 million. The company has been hurt by weaker demand for its more expensive phones. This was the second consecutive quarter during which Sony Ericsson has had to issue a profit warning and the company has slipped down the global rankings to fifth place.

The results are in stark contrast to world number one Nokia NOK1V.HE, which on Thursday said earnings per share rose during the quarter and voiced optimism about the rest of the year.

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