Ericsson Q1 Profit Down, Sees Lower End Of FY24 EBITA View; Stock Dips

Shares of LM Ericsson were losing around 6 percent in the morning trading in Sweden as well as around 4 percent in pre-market activity on Nasdaq after the telecom major reported Tuesday weak profit in its first quarter amid flat organic sales, while total sales increased in double-digit rates. Ericsson added that it is on track to reach the lower end of the long term EBITA target range...

from RTT - Top Story https://ift.tt/64dhnKA
via IFTTT

Comments