Ericsson shares skid as enterprise trouble offsets AT&T boost
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Ericsson's shares fell as the company reported a miss on fourth-quarter profit, primarily due to issues in its enterprise division, despite a boost from AT&T.
January 24, 2025 | 10:15 am
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Ericsson's shares declined after the company reported lower-than-expected fourth-quarter profits, attributed to challenges in its enterprise division, despite positive contributions from AT&T.
The news highlights a significant earnings miss for Ericsson, primarily due to its struggling enterprise division. This negative financial performance is likely to impact investor sentiment and lead to a short-term decline in stock price, despite some positive impact from AT&T.
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