Ericsson Expects Q4 Adjusted Gross Margin Networks Between 47%-49%; Forecasts Sales Growth For Networks and Cloud Software to Fall Below The Three-Year Seasonal Average
Portfolio Pulse from Benzinga Newsdesk
Ericsson forecasts its Q4 adjusted gross margin for Networks to be between 47%-49%, with sales growth for Networks and Cloud Software expected to fall below the three-year seasonal average.

October 15, 2024 | 5:36 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ericsson expects its Q4 adjusted gross margin for Networks to be between 47%-49%. However, sales growth for Networks and Cloud Software is anticipated to fall below the three-year seasonal average.
The forecasted decline in sales growth for Networks and Cloud Software below the three-year seasonal average suggests potential challenges in revenue generation, which could negatively impact investor sentiment and short-term stock price. However, the adjusted gross margin for Networks remains relatively strong, which may mitigate some negative effects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100