LM Ericsson Telephone, the Swedish telecoms equipment maker, saw its stock plunge 8.09% during Friday's trading session following the release of its fourth-quarter results and full-year 2024 earnings report.
While the company's adjusted earnings per share of $0.20 for Q4 met analysts' expectations, there were concerns about its overall performance and outlook. The revenue of $6.77 billion for the quarter narrowly missed forecasts, and the company provided guidance that hinted at potential headwinds ahead.
Ericsson stated that sales growth for the first quarter of 2025 is expected to align with its average three-year seasonality, suggesting a potential slowdown in growth. Additionally, analysts from JPMorgan predicted that consensus sales estimates for the company may need to be lowered following the mixed results.
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