ERIC / Ericsson: A Relic Of The Past, Weak Earnings Outlook Warrants A Sell

Ericsson (ERIC) reports lower revenues year over year for the third quarter of 2023 due to declining trends in the Networks vertical. more_horizontal

Ericsson (NASDAQ: ERIC ) stock is sliding lower on Tuesday after the telecommunications company released its earnings report for the third quarter of more_horizontal

Börje Ekholm, CEO of Ericsson, discusses third-quarter earnings and explains the company's strategy behind its acquisition of communications company, more_horizontal

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

Tempest Therapeutics TPST, +85.16%, whose stock has gained 2710% over the last five days, saw its stock rise by 8% in premarket trade. more_horizontal

Shares of Ericsson fell as much as 9% in Stockholm trade as the Swedish telecommunications equipment maker withdrew its margin guidance for next year. more_horizontal

Ericsson's (ERIC) third-quarter 2023 top line is impacted by weak demand in North America and a slowdown in Vonage's core market. more_horizontal

The U.S.-listed shares ERIC, -1.96% ERIC.B, -0.71% of Ericsson accelerated to the downside in afternoon trading Wednesday, after the Sweden-based make more_horizontal