Tech Earnings Season Starts Soon. Warnings Are Already Piling Up.

With tech earnings season about to start, investors should be aware that a flurry of the industry’s less-followed players have been warning about emerging weakness across the enterprise and telecommunications-networking landscape.

Ericsson American depositary receipts are 3.3% lower after the networking infrastructure company on Tuesday provided disappointing financial guidance. “We expect the underlying uncertainty impacting our Mobile Networks business to persist into 2024,” the company said. Newsletter Sign-up Late last week, Belden , another network infrastructure provider, said it now sees third-quarter revenue of $625 million, down from a previous forecast of $675 million to $690 million. “Demand began to weaken in the third quarter, adding to ongoing pressure from channel destocking,” Belden said in its announcement. “We believe softer demand will continue as we move into the fourth quarter, impacting both revenue and profitability.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Dow ends higher on tech gains as earnings season to heat upStock Market Today: Dow ends higher on tech gains as earnings season to heat up
Source: Investingcom - 🏆 450. / 53 Read more »

Johnson & Johnson beats earnings estimates, downplays obesity drugs’ impact on its med-tech businessCompany raises full-year profit and sales guidance and pursues multipronged strategy to address talc-powder litigation
Source: MarketWatch - 🏆 3. / 97 Read more »

Dow futures tick higher, earnings season comes into focusDow futures tick higher, earnings season comes into focus
Source: Investingcom - 🏆 450. / 53 Read more »

Cathie Wood pulls $2 million out of Tesla before Q3 earningsThis tech giant is set to report third-quarter earnings Wednesday.
Source: startelegram - 🏆 248. / 63 Read more »

Stock futures tick up as Wall Street look towards busy earnings week: Live updatesStock futures rose slightly Monday as corporate earnings season begins to pick up.
Source: NBCNewYork - 🏆 270. / 63 Read more »