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Telefonaktiebolaget LM Ericsson (publ) (ERCB.DE)
| Previous close | 4.6130 |
| Open | 4.9740 |
| Bid | 4.6960 x 339000 |
| Ask | 4.7050 x 329000 |
| Day's range | 4.6460 - 4.9740 |
| 52-week range | 4.0000 - 5.8160 |
| Volume | |
| Avg. volume | 29,468 |
| Market cap | 15.568B |
| Beta (5Y monthly) | 0.36 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.24 (5.14%) |
| Ex-dividend date | 01 Oct 2024 |
| 1y target est | N/A |
- Barrons.com
Ericsson Stock Edges Higher on Signs Telco Demand Will Stabilize Later This Year
Ericsson shares are trading higher after the Stockholm-based provider of telecommunications equipment posted mixed quarterly results, including some signs of stabilization in the company’s business. Telecom equipment companies have been hurt in recent quarters by excess inventories at the wireless carriers, particularly in North America. For the quarter, Ericsson posted sales of 53.3 billion Swedish krona (about $4.87 billion), down 15% from a year ago, off 26% sequentially, and slightly below consensus.
- Zacks
Ericsson (ERIC) Q1 Earnings Beat Estimates, Top Line Falls Y/Y
Ericsson (ERIC) reports a top-line contraction year over year in the first quarter of fiscal 2024 due to sluggish demand trends in the Networks vertical.
- Reuters
Ericsson sees sales stabilising soon after Q1 profit beat
(Reuters) -Ericsson said on Tuesday it expects sales to stabilise in the second half of 2024 amid signs some customers are looking to spend again, as the telecoms equipment maker beat first-quarter profit forecasts helped by a one-off gain. However, Ericsson also predicted the 5G Radio Access Network (RAN) market would keep falling at least through the end of the year. Telecoms equipment makers like Ericsson and rival Nokia have been hit by a drop in spending by customers on 5G equipment amid high interest rates and an uncertain economic outlook.
