Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) [Trend Analysis] luring active investment momentum, shares a decrease -1.62% to $5.46. Ericsson (ERIC) reported that workforce reductions in Sweden, which was reported on October 4, 2016, are progressing ahead of plan, resulting in an increase in estimated restructuring costs for 2016 of 5.5-6.5 billion Swedish kronor, compared to the previously communicated estimate of 4-5 billion kronor.
The company expects restructuring charges for 2017 to somewhat decrease as a consequence of faster implementation of the Swedish reduction activities.Ericsson noted that, currently, no further forced staff reductions are planned in Sweden beyond what has already been reported relating to production sites.
Ericsson said the global cost and efficiency program is tracking towards the previously communicated target to: reduce the annual run rate of operating expenses, excluding restructuring charges, to 53 billion kronor in the second half of 2017; make cost of sales reductions visible in the gross margin in the second half of 2017, compared to full year 2016. The total volume of 4.25 Million shares held in the session was surprisingly higher than its average volume of 7700.76 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 15.50%, and looking further price to next year’s EPS is 8.41%. While take a short look on price to sales ratio, that was 0.73 and price to earning ratio of 15.92 attracting passive investors.
Several matter pinch shares of Japan Smaller Capitalization Fund Inc. (NYSE:JOF) [Trend Analysis], as shares moving up 0.48% to $10.47 with a share volume of 14613. Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) declared that it would make an ordinary income distribution of $0.3462 per share, a short-term capital gains distribution of $0.0568 per share, and a long-term capital gains distribution of $0.5331 per share, payable on December 23, 2016 to shareholders of record on December 19, 2016. The ex-dividend date will be December 15, 2016.
The amounts and sources of distributions declared in this press release are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the entirety of its fiscal year and may be subject to changes based on tax regulations. The Fund intends to send a Form 1099-DIV for the calendar year concerning the tax treatment of the dividend distributions that were paid to shareholders of record during the year ending December 31, 2016. The stock is going forward its 52-week low with 25.54% and moving down from its 52-week high price with -3.41%.