ERIC Forex News
Ericsson Turns To Q3 Profit, Sees Signs Of Stabilizing Market; Stock Climbs
Shares of LM Ericsson were gaining more than 8 percent in the early morning trading in Stockholm as well as in pre-market activity on the Nasdaq after the Swedish telecom major reported a profit in its third quarter, compared to prior year's loss, even as sales declined. Looking ahead, Borje Ekholm, President and CEO, said, "We see increasing customer momentum around programmable networks that...
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15 days ago
Ericsson Q2 Net Loss Widens, While EBITA, Margin Climb; Stock Up
Shares of LM Ericsson were gaining more than 9 percent in the morning trading in Stockholm as well as around 6 percent in pre-market activity on the Nasdaq after the Swedish telecom major reported Friday significantly higher EBITA, a key earnings metric, in its second quarter. Meanwhile, net loss was sharply wider on hefty impairment charge as well as weak sales.
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110 days ago
Ericsson Q1 Profit Surges, Sees Sales To Stabilize In H2; Stock Climbs
Shares of LM Ericsson were gaining more than 6 percent in the morning trading in Stockholm as well as around 8 percent in pre-market activity on the Nasdaq after the Swedish telecom major reported Tuesday significantly higher profit in its first quarter. Meanwhile, net sales were weak hit mainly by lower Networks sales. Further, the company said it expects sales to stabilize during the second half
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197 days ago
Ericsson Announces Headcount Reduction Of Approximately 1,200 In Sweden
LM Ericsson (ERIC) announced Monday proposed staff reductions in Sweden as it expects a challenging mobile networks market in 2024, with further volume contraction.
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219 days ago
Global 5G Subscriptions To Top 5.3 Bln By 2029-End: Ericsson Mobility Report
Global 5G subscriptions are forecast to increase more than 330 percent over the next six years to reach at 5.3 billion, with 85 percent of the global population to have 5G coverage access, according to Ericsson Mobility Report. The November 2023 edition of the report, which is key industry reference source for network data, performance, statistics, and forecasts, estimates that new 5G...
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335 days ago
Ericsson Slips To Q3 Loss, Warns On Uncertain FY24; Stock Down
Shares of LM Ericsson were losing around 9 percent in the morning trading in Stockholm after the Swedish telecom company reported Tuesday a hefty loss in its third quarter, compared to prior year's profit, hit by one-time charge related to Vonage acquisition, as well as weak sales. Looking ahead, the company expects the current macroeconomic uncertainty to persist into 2024.
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379 days ago
Ericsson Stock Down On Q2 Loss; Backs FY View
Shares of LM Ericsson were losing around 8 percent in the morning trading in Sweden as well as around 9 percent in pre-market activity on Nasdaq after the networking and telecom major reported Friday a loss in its second quarter, compared to prior year's profit, on restructuring charges and weak organic sales. Ericsson further said it remains focused on reaching the lower end of the long term EBIT
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474 days ago
Ericsson Q1 Profit Down, Sees Lower End Of FY24 EBITA View; Stock Dips
Shares of LM Ericsson were losing around 6 percent in the morning trading in Sweden as well as around 4 percent in pre-market activity on Nasdaq after the telecom major reported Tuesday weak profit in its first quarter amid flat organic sales, while total sales increased in double-digit rates. Ericsson added that it is on track to reach the lower end of the long term EBITA target range...
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561 days ago
Ericsson Stock Down On Weak Q4 Profit, Q1 EBITA Warning
Shares of LM Ericsson were losing around 7 percent in the early morning trading in Sweden after the telecom major reported Friday weak profit in its fourth quarter, hurt by hefty charges, despite higher revenues. Looking ahead, the company said it expects first-quarter Group EBITA to be somewhat lower than last year, with improvements during the year.
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649 days ago
Aeris To Acquire The IoT Business From Ericsson
Ericsson (ERIC) and Aeris Communications, a leading provider of Internet of Things (IoT) solutions, on Wednesday have signed an agreement for the transfer of Ericsson's IoT Accelerator and Connected Vehicle Cloud businesses.
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693 days ago
