“We Didn’t Know Things Were This Bad” – Ericsson Shares Plunge 17% After Shocking Profit Warning

– “We Didn’t Know Things Were This Bad” – Ericsson Shares Plunge 17% After Shocking Profit Warning:

The reason for Ericsson’s 17% crash, is that the Swedish network maker reported a surprising slump in third-quarter sales and profitability, warning investors that its business was deteriorating faster than expected, with no turnaround in sight.

…

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP