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Telefonaktiebolaget L M Ericsson (ERCB.DU)
| Previous close | 4.7940 |
| Open | 4.7970 |
| Bid | 4.7430 x 0 |
| Ask | 4.8050 x 0 |
| Day's range | 4.7530 - 4.7970 |
| 52-week range | 4.0955 - 5.8020 |
| Volume | |
| Avg. volume | 26 |
| Market cap | N/A |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Reuters
Ericsson warns of 2024 market decline despite Q4 earnings beat
STOCKHOLM (Reuters) -Ericsson said it expects further decline in 5G gear demand from mobile operators this year including in key growth market India, after beating fourth-quarter operating profit expectations on Tuesday helped by software sales. Telecoms equipment suppliers are expecting a challenging 2024 as 5G equipment sales - a key source of revenue - are slowing in North America, while India, a high growth market, is also set for a slowdown. "We expect the current market uncertainties to prevail into 2024 with a further decline of the RAN (Radio Access Network) market outside China as our customers remain cautious and the investment pace is normalising in India," CEO Börje Ekholm said in a statement.
- Yahoo Finance UK
Trending tickers: GameStop | Nvidia | Ericsson | Barclays
The latest investor updates on stocks that are trending on Tuesday.
- Reuters
Ericsson says telecoms uncertainty to persist into 2024, shares fall
STOCKHOLM (Reuters) -Ericsson on Tuesday said it expected the uncertainty impacting its mobile networks business to persist into 2024, after reporting a fall in third-quarter revenue as demand for 5G equipment fell in North America. The Swedish telecom equipment maker's shares fell 9% in early trade to lows last seen in 2017, when the company was going through another downturn. Ericsson, which pre-announced its results last week and took a $2.9 billion impairment charge on its Vonage acquisition, said it expects current quarter results to be similar to the third quarter.
