Ericsson Stock Down On Weak Q4 Profit, Q1 EBITA Warning
Markets2023-01-20
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Shares of LM Ericsson were losing around 7 percent in the early morning trading in Sweden after the telecom major reported Friday weak profit in its fourth quarter, hurt by hefty charges, despite higher revenues. Looking ahead, the company said it expects first-quarter Group EBITA to be somewhat lower than last year, with improvements during the year.
Source: RTTNews
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