UPDATE 1-Ericsson beats Q1 core profit estimates, defying virus outbreak [Reuters]
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
Last ericsson - american depositary shares each representing 1 underlying class b share earnings: 4/22 01:48 am
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Source: Reuters
Ericsson beats first-quarter core profit estimates, defying virus outbreak (Reuters) - Sweden’s Ericsson on Wednesday reported quarterly core earnings ahead of market estimates as demand for 5G network equipment stayed strong even as the coronavirus outbreak wreaked havoc in its main markets, China and the United States. As the coronavirus slams the brakes on industries globally, telecom is one of the few industries that has seen a surge in demand with more people working remotely, benefiting companies such as Ericsson. “There is near-term uncertainty around sales volumes due to Covid-19 and the macroeconomic situation, but with current visibility we have no reason to change our financial targets for 2020 and 2022,” Chief Executive Borje Ekholm said in a statement. Spending in the U.S. will likely be stronger this year as a combined Sprint/T-Mobile boosts up spending to use its mid-band spectrum while bigger rivals AT&T and Verizon invest in building their own 5G network. Despite the
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ERIC
News
- Vonage Expands AWS Collaboration with the Launch of its Enterprise Solutions in AWS MarketplacePR Newswire
- Ericsson enters into strategic partnership with LotusFlare to accelerate adoption of network APIsPR Newswire
- Ericsson enters into strategic partnership with LotusFlare to accelerate adoption of network APIsPR Newswire
- Ericsson enters into strategic partnership with LotusFlare to accelerate adoption of network APIsPR Newswire
- Ericsson (NASDAQ:ERIC) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
ERIC
Earnings
- 10/14/25 - Beat
ERIC
Sec Filings
- 11/12/25 - Form 6-K
- 10/14/25 - Form 6-K
- ERIC's page on the SEC website