Telecom Company Ericsson To Lay Off 8,500 Workers As Part Of Cost-Cutting Plan
Swedish telecom equipment maker Telefonaktiebolaget LM Ericsson ADR (NASDAQ: ERIC)
Raymond James Downgrades Telefonaktiebolaget L M to Market Perform
Raymond James analyst Simon Leopold downgrades Telefonaktiebolaget L M (NASDAQ:ERIC) from Outperform to Market Perform.
S&P 500 Makes Weekly Gain As Q4 Earnings Season Kicks Off: What’s Next For The Markets?
The SPDR S&P 500 ETF Trust (NYSE: SPY) ended the week higher as investors digest a series of big tech layoff announcements.
Why FARO Technologies Shares Are Trading Lower By 24%? Here Are Other Stocks Moving In Friday’s Mid-Day Session
Gainers
Helbiz, Inc. (NASDAQ: HLBZ) shares jumped 133.1% to $0.2870. Helbiz recently announced discontinuation of operations in non-profitable markets.
Google Layoffs 12K Employees, Netflix’s Q4 Earnings And CEO Steps Down, FDA Rejects Eli Lilly’s Alzheimer’s Candidate: Top Stories Friday, Jan. 20
Here's a round-up of stories from around the globe and from various media outlets.
Benzinga
Earnings Scheduled For January 20, 2023
Companies Reporting Before The Bell
• Telefonaktiebolaget L M (NASDAQ:ERIC) is likely to report quarterly earnings at $0.21 per share on revenue of $7.50 billion.
Telefonaktiebolaget L M Q4 EPS $0.20 Misses $0.21 Estimate, Sales $8.08B Beat $7.50B Estimate
Telefonaktiebolaget L M (NASDAQ:ERIC) reported quarterly earnings of $0.20 per share which missed the analyst consensus estimate of $0.21 by 4.76 percent. This is a 44.44 percent decrease over earnings of $0.36 per share
S&P 500 Makes Weekly Gains As Inflation Cools: What’s Next For The Market?
The S&P 500 is making a strong start to 2023 as yet another key indicator suggests inflation is trending steadily lower.
Ericsson Nomination Committee’s Proposal For Board Of Directors. Jan Carlson Proposed As New Chairman; Chairman, Ronnie Leten, Has Informed That He Will Not Stand For Re-Election To The Board
Chairman, Ronnie Leten, has informed that he will not stand for re-election to the Board
Kurt Jofs and Nora Denzel have informed the Nomination Committee
Ericsson Recognizes $76M Charge To Drive Profitability In Cloud Software And Services
Following a portfolio and customer contract review, Ericsson (NASDAQ:ERIC) decided to exit certain subscale agreements and product offerings as it…