Ericsson: Q1 Earnings Snapshot

Ericsson: Q1 Earnings Snapshot

STOCKHOLM (AP) — STOCKHOLM (AP) — Ericsson (ERIC) on Tuesday reported first-quarter earnings of $388.7 million.

Telecom manufacturer Ericsson reports an operating profit excluding restructuring costs of SEK 6.2 billion for the first quarter of the year. This compares with a profit of SEK 4.3 billion in the first quarter of last year. Sales rose to SEK 55 billion from SEK 53.3 billion a year earlier. Ericsson shares have plunged by more than...

Adjusted profit before interest and taxes was 6.21 billion Swedish kronor (US$ 636 million) in the first quarter, while the average analyst estimate was 5 billion crowns

Ericsson sees “solid momentum” in Q1

Ericsson has reported that organic sales were stable in Q1, with strong growth in market area Americas offset by declines in other market areas. Reported sales were SEK 55 billion (€4.97bn). Net income was SEK 4.2 billion, and free cash flow before M&A stood at SEK 2.7 billion. Source: Ericsson sees “solid momentum” in Q1

The grid company's operating result beat market expectations.

Ericsson sees "solid momentum" in Q1

Ericsson has reported that organic sales were stable in Q1, with strong growth in market area Americas offset by declines in other market areas. Reported sales were SEK 55 billion (€4.97bn). Net income was SEK 4.2 billion, and free cash flow before M&A stood at SEK 2.7 billion. Börje Ekholm, President and CEO, commented: “We […]