news paper icon

Analyzed News

Ericsson flags margin headwind over China 5G contracts, takes $108 million charge

Ericsson's second-quarter results will take a hit of about 1 billion crowns ($108.8 million) due to write-downs of product inventory in the Chinese market, the Swedish company said on Monday. [Source]

Publication Date:

Origin: reuters.com

Category: technologyNews

Topics: company, Swedish, market, Chinese, inventory, product, write-downs, million), ($108, crowns, billion, results, second-quarter, Ericsson's, charge, million, takes, contracts, China, headwind, margin, flags, Ericsson

Source: http://feeds.reuters.com/~r/reuters/technologyNews/~3/_XPSrRRui4c/ericsson-flags-margin-headwind-over-china-5g-contracts-takes-108-million-charge-idUSKBN23F0KP