Ericsson reports first quarter results 2024

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Go back to Ericsson reports first quarter results 2024

Ericsson shares rise as Q1 report reveals strong earnings, gross margin beat

April 16, 2024 4:04 AM EDT

Shares of Ericsson (NASDAQ: ERIC) popped more than 6% in Stockholm on Tuesday after the company reported better-than-expected earnings for the fiscal Q1 2024.

The Swedish networking and telecommunications company posted earnings per share (EPS) of SEK0.77, topping the consensus estimates of SEK0.33. Revenue in the quarter came in at SEK53.3 billion, slightly below the projected SEK55 billion.

The company saw its gross... More