Ericsson to take $108.8 million hit in second quarter due to asset write-down
https://www.reuters.com/article/us-ericsson-writedown/ericsson-to-take-108-8-million-hit-in-second-quarter-due-to-asset-write-down-idUSKBN23F0KP
Ericsson's second-quarter results will take a hit of about 1 billion Swedish crowns ($108.8 million) due to write-downs of product inventory in the Chinese market, the firm said on Monday.