Ericsson inventory tumbled more than 14% early Thursday following the Swedish telecom giant’s earnings missed anticipations in the 3rd quarter.
The telecom gear maker noted adjusted earnings for each share of 1.56 Swedish crowns (14 cents), 10% lower than the year-ago time period and down below the analyst consensus of 1.77 Swedish crowns, in accordance to FactSet.
Ericsson inventory tumbled more than 14% early Thursday following the Swedish telecom giant’s earnings missed anticipations in the 3rd quarter.
The telecom gear maker noted adjusted earnings for each share of 1.56 Swedish crowns (14 cents), 10% lower than the year-ago time period and down below the analyst consensus of 1.77 Swedish crowns, in accordance to FactSet.
