UPDATE 2-Nokia culls low-margin business ahead of CEO change [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
Nokia posts surprise second-quarter profit jump ahead of CEO change HELSINKI/STOCKHOLM (Reuters) - Finnish telecom network equipment maker Nokia ( NOKIA.HE ) reported an unexpected rise in its second-quarter underlying profit on Friday despite the COVID-19 crisis, while its new Chief Executive Officer Pekka Lundmark takes over this weekend. Lagging behind its rivals China’s Huawei and Sweden’s Ericsson ( ERICb.ST ) in 5G network sales, Nokia said its April-June underlying earnings rose to 0.06 euros per share from a profit of 0.05 euros a year ago, beating the 0.03 euros consensus in a Refinitiv poll. Nokia, which had warned of a weak second quarter due to the virus, upgraded its forecast for 2020 underlying earnings per share to between 0.2 and 0.3 euros from 0.18 to 0.28 euros. Its more profitable Nordic peer Ericsson reported a rise in 5G network sales and software revenue two weeks ago, and also maintained its financial targets for 2020 and 2022. However, Nokia’s quarterly rev
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ERIC
Earnings
- 4/16/24 - Beat
ERIC
Analyst Actions
- 1/31/24 - UBS Group AG
ERIC
Sec Filings
- 4/17/24 - Form 6-K
- 4/4/24 - Form 6-K
- 3/20/24 - Form 6-K
- ERIC's page on the SEC website