Ericsson Shares Slump as Earnings Hit by Weakness Outside of Core Networks Business
The company’s shares fell to the bottom of the Stoxx Europe 600 index as higher operating costs and weakness in some of its business units dented earnings.
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Topics
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CNN hit with 6% staff cut as network sets a plan for a digital future
Cable cord-cutting and a decline in revenue led to a significant workforce reduction at the Warner Bros. Discovery unit while new employees are hired for digital efforts.Los Angeles Times - 1d -
Ericsson shares skid as enterprise trouble offsets AT&T boost
Ericsson shares slumped Friday as the telecom equipment maker missed on fourth-quarter profit due to its struggling enterprise division.MarketWatch - 14h -
Apple's Smartphone Sales Slump in China as Huawei Gains Market Share
The U.S. tech giant’s fourth-quarter iPhone sales fell 18% in the world’s largest smartphone market.The Wall Street Journal - 3d -
Nintendo Shares Slump as Switch 2 Announcement Underwhelms
The Japanese company’s much-anticipated successor to its Switch console disappointed investors with a lack of specifics and a design that feels more like an update than a reinvention.The Wall Street Journal - Jan. 17 -
As L.A. Wildfire Damages Hit $20 Billion Estimate, Insurers Slump
The wildfire may be the costliest disaster in California history.Inc. - Jan. 10 -
Ubisoft Shares Fall After Net Bookings Slump, Assassin's Creed Delay
The stock dropped after the videogame maker said it expected a decrease in third-quarter net bookings and pushed back the release of its blockbuster game for a second time.The Wall Street Journal - Jan. 10
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