– “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.
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Tags: Economy, Ericsson, Global News, Stock Market