Tuesday, October 17, 2023

Ericsson Slips To Q3 Loss, Warns On Uncertain FY24; Stock Down

Shares of LM Ericsson were losing around 9 percent in the morning trading in Stockholm after the Swedish telecom company reported Tuesday a hefty loss in its third quarter, compared to prior year's profit, hit by one-time charge related to Vonage acquisition, as well as weak sales. Looking ahead, the company expects the current macroeconomic uncertainty to persist into 2024.

from RTT - Earnings https://ift.tt/yXLlbna
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