Page 189 - Ericsson News Today

Networks organic sales in North America were down by 60% from last year as telecom customers adjusted their inventory and were slower to roll out new equipment. North America now accounts for 23% of Ericssons sales compared with 48% earlier.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

(Bloomberg) -- Ericsson AB shares fell to the lowest in six years after it said market weakness will persist into the fourth quarter and beyond, as the company struggles to counter reduced investment in fifth-generation mobile infrastructure from US and European operators.Most Read from BloombergIsrael Latest: Blinken Works on Gaza Aid as Biden Set to VisitYour Guide to Understanding the Roots of the Israel-Hamas WarPutin Arrives in China to Meet Xi on Rare International TripIsrael Latest: Army

The company’s decision not to offer any guidance beyond the fourth quarter, citing market uncertainty, is spooking telecom investors.

Ericsson’s decision not to offer any guidance beyond the fourth quarter, citing market uncertainty, is spooking telecom investors.

European stocks were little changed in cautious trade on Tuesday, with prospects of escalation in the Middle East conflict and downbeat quarterly results from the likes of Ericsson and Lonza keeping weighing on sentiment.

European stocks were flat on Tuesday as a slew of downbeat earnings reports countered a boost from healthcare and energy shares amid a slight pullback in concerns about risks from the Middle East...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

MARKET WRAPS Stocks: European stocks were back in negative territory on Tuesday, but losses were limited, reflecting tentative hopes the Israel-Hamas conflict wouldnt have a major impact... -October 17, 2023 at 05:29 am EDT - MarketScreener

Ericsson (NASDAQ: ERIC) stock is trading lower Tuesday morning after it reported its third-quarter FY23 results.