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Ericsson ends up on the wrong side of memory-chip price spike. The stock slumps.

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Ericsson ends up on the wrong side of memory-chip price spike. The stock slumps.

Ericsson shares on Tuesday saw their worst reaction to earnings in nearly three years after the telecom-equipment maker revealed that rising component costs were eating away at margins — likely the huge surge in memory-chip prices.

Ericsson ends up on the wrong side of memory-chip price spike. The stock slumps.


Source:MarketWatch

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Sourcehttps://www.marketwatch.com/story/ericsson-ends-up-on-the-wrong-side-of-memory-chip-price-spike-the-stock-slumps-b1aa5eda