Ericsson reports second quarter results 2024
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/10/2026
- Wall Street ends higher as investors turn to earnings season
- Oil prices settle lower on hopes for smoother shipping in Strait of Hormuz
- The real reason Meta shares are surging has nothing to do with its new AI model
- Stifel lifts Shopify to Buy, sees agentic commerce as next growth catalyst
- Delta Air Lines stock climbs on earnings beat and strong guidance
- Key things to know ahead of SK Hynix’s blockbuster US listing
- Almonty Industries (ALM) PT Raised to $33 at DA Davidson
- FedEx pilots ratify new collective bargaining agreement
- The real reason Meta shares are surging has nothing to do with its new AI model
- JPMorgan analysts name top short ideas for third quarter 2026
Ericsson shares pop as Q2 earnings surpass estimates
July 12, 2024 4:53 AM EDTEricsson AB (NASDAQ: ERIC) saw its shares rise higher on Friday after its Q2 earnings beat analysts' expectations, aided by cost-cutting measures amid what the company described as a challenging market environment.
Adjusted earnings before interest and taxes increased by 14% year-over-year to 3.23 billion kronor ($307 million), excluding impairments, the Stockholm-based company announced on Friday. This figure topped the 2.7 billion kronor average forecast by analysts surveyed by Bloomberg.
Ericssons U.S.-listed shares rose more than 6.4% in premarket trading... More
