Ericsson Expects Lower than Normal Seasonality in Sales Between Q3 and Q4 for Networks and Cloud Software and Services, Q4 EBITA Margin 10%
Portfolio Pulse from Benzinga Newsdesk
Ericsson has announced that it expects lower than normal seasonality in sales between Q3 and Q4 for its Networks and Cloud Software and Services. The company also expects its Q4 EBITA margin to be 10%.
October 17, 2023 | 8:57 am
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Ericsson's announcement of lower than expected sales and a Q4 EBITA margin of 10% may negatively impact its stock price in the short term.
Ericsson's announcement of lower than normal seasonality in sales for its Networks and Cloud Software and Services indicates a potential decrease in revenue. This, coupled with a Q4 EBITA margin of 10%, could lead to a negative investor sentiment, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100