Previous close | 5.08 |
Open | 5.31 |
Bid | 4.90 x 10000 |
Ask | 6.00 x 87300 |
Day's range | 5.31 - 5.31 |
52-week range | 4.38 - 6.07 |
Volume | |
Avg. volume | 144 |
Market cap | 17.626B |
Beta (5Y monthly) | 0.37 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.24 (4.66%) |
Ex-dividend date | 04 Apr 2024 |
1y target est | N/A |
Ericsson (ERIC) closed at $5.51 in the latest trading session, marking a +1.47% move from the prior day.
(Bloomberg) -- Ericsson AB, one of the world’s biggest providers of 5G networking equipment, said it will cut 1,200 jobs in Sweden, reducing costs as it faces lower sales from mobile providers. Most Read from BloombergTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineDubai Is Losing Its Allure for Wealthy RussiansLondon Insurers Face Baltimore Bridge Payouts Worth BillionsUBS Banker’s Frustration Exposes Cracks in World of Climate FinanceBankman-Fried Is Sentenced to 25 Years i
COPENHAGEN (Reuters) -Ericsson on Monday said it would lay off about 1,200 employees in Sweden as part of cost-cutting measures announced earlier this year as customers reduce their spending on 5G gear. After cutting thousands of staff last year, telecoms equipment suppliers like Ericsson and Finland's Nokia are expecting 2024 to remain challenging as 5G equipment sales slow in North America and are also expected to ease from record levels in India. Ericsson told Reuters in January it could look at further cost cuts this year including layoffs but had not given specific figures.