Ericsson Announces Impairment Charge Of SEK 32 Billion And Provides Update On Q3 Earnings; Sees Q3 In-Line With Guidance
Portfolio Pulse from Benzinga Newsdesk
Ericsson has announced an impairment charge of SEK 32 billion and provided an update on its Q3 earnings, which it expects to be in line with guidance.
October 11, 2023 | 6:00 pm
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Ericsson's announcement of a SEK 32 billion impairment charge and Q3 earnings in line with guidance may impact its stock.
Impairment charges are generally viewed negatively as they indicate a reduction in the value of the company's assets. However, the announcement that Q3 earnings are expected to be in line with guidance may mitigate some of this negative impact. Overall, this news is likely to have a negative impact on Ericsson's stock in the short term.
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