Ericsson warns Q3 will be ugly, stock plummets

Networking giant Ericsson has issued preliminary Q3 2016 earnings and they indicate a significant acceleration in its decline.
Overall sales declined by 14% year-on-year, the main culprit being the networks segment, which declined 19% annually and 13% on the previous quarter. Especially worrying for Ericsson and its shareholders is that the increased decline seems to have taken place quite recently, making it likely that Q4 will be a car crash too.
“Our result is significantly lower than w