Ericsson Q2 EPS $(0.02) Misses $0.04 Estimate, Sales $6.12B Miss $6.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ericsson reported Q2 losses of $(0.02) per share, missing the analyst consensus estimate of $0.04 by 150 percent. This is a 114.29 percent decrease over earnings of $0.14 per share from the same period last year. The company also reported quarterly sales of $6.12 billion, missing the analyst consensus estimate of $6.13 billion by 0.16 percent, a 3.76 percent decrease over sales of $6.36 billion the same period last year.
July 14, 2023 | 7:02 am
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NEGATIVE IMPACT
Ericsson's Q2 earnings and sales missed estimates, with a significant decrease in earnings per share YoY. This could negatively impact the company's stock price in the short term.
Ericsson's Q2 earnings and sales missed analyst estimates, with a significant decrease in earnings per share compared to the same period last year. This underperformance could lead to a decrease in investor confidence, potentially negatively impacting the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100