"Ericsson Forecasts Continued Market Decline Despite Q4 Earnings Beat"

Ericsson beat fourth-quarter operating profit expectations due to software sales but expects a further decline in 5G gear demand from mobile operators in 2024, leading to potential cost cuts and layoffs. The company's fourth-quarter net sales fell 16%, missing estimates, and its shares were down 2% following the results. Ericsson's CEO cited market uncertainties and a decline in the Radio Access Network market outside China, while projecting a boost from a $14 billion telecom deal with AT&T in the second half of the year.