Ericsson shares slump as earnings weighed by higher costs

2020-01-24

STOCKHOLM — Shares in Ericsson AB (ERIC) slumped as much as 8.2% in early trade Friday after seeing fourth-quarter earnings weighed by higher costs. The telecommunications equipment company ERIC, +0.22% ERIC.B, -6.69% ERIC.A, -5.19% saw costs rise in the quarter as it invested in acquisitions, digitization, security and ethics andRead More →