Telefonaktiebolaget L M Q3 Adj EPS $0.07, Inline, Sales $5.96B Miss $6.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Telefonaktiebolaget L M (NASDAQ:ERIC) reported Q3 earnings of $0.07 per share, meeting analyst consensus. This is a 56.25% decrease from last year's earnings. The company's quarterly sales of $5.96 billion missed the analyst consensus of $6.27 billion by 4.90%, a 7.68% decrease from last year.
October 17, 2023 | 8:50 am
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Telefonaktiebolaget L M's Q3 earnings met expectations but sales fell short, indicating potential challenges in revenue generation.
The company's earnings met analyst expectations, which is a positive sign. However, the missed sales estimate and the decrease in both earnings and sales from the same period last year could indicate potential challenges in revenue generation and profitability, which could negatively impact the stock price.
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