Ericsson's Vonage Bet Backfires: Impairment Charge Hits Q2 Due to Lower Market Growth - Telefonaktiebolaget L M ( NASDAQ:ERIC )
On Wednesday, Ericsson ERIC disclosed it would record a non-cash impairment charge of 11.4 billion Swedish krona ( $1.1 billion ) in the second quarter of 2024, which is in line with IFRS accounting standards. The company expects the charges due to lower expected market growth rates in ...
https://www.benzinga.com/markets/equities/24/07/39645990/ericssons-vonage-bet-backfires-impairment-charge-hits-q2-due-to-lower-market-growth