Ericsson's Q4 EPS SEK 1.02 Vs. SEK 1.82 YoY, Sales SEK 71.9B Vs. SEK 86B YoY
Portfolio Pulse from Benzinga Newsdesk
Ericsson reported a decline in Q4 earnings per share (EPS) to SEK 1.02 from SEK 1.82 year-over-year (YoY), with sales dropping to SEK 71.9 billion from SEK 86 billion YoY. The company experienced a significant 17% organic sales decline, largely due to a 23% decrease in its Networks segment.
January 23, 2024 | 6:40 am
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Ericsson's Q4 earnings report indicates a significant decline in both EPS and sales, particularly in the Networks segment, which may concern investors and negatively impact the stock price in the short term.
The reported decline in EPS and sales, especially the 23% drop in the Networks segment, is a strong indicator of underperformance which is likely to be viewed unfavorably by investors. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100