Ericsson Q1 EPS $0.07 Beats $0.05 Estimate, Sales $5.13B Miss $5.34B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ericsson (NASDAQ:ERIC) reported Q1 earnings of $0.07 per share, beating estimates of $0.05, but sales of $5.13B missed estimates of $5.34B, marking a 14.30% decrease from last year.
April 16, 2024 | 6:15 am
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Ericsson reported higher-than-expected Q1 earnings per share but missed sales estimates, with a significant year-on-year sales decrease.
While Ericsson's earnings per share exceeded expectations, the miss on sales estimates and the significant decrease in sales compared to the previous year could lead to mixed reactions in the short term. The positive earnings surprise may support the stock, but concerns over declining sales could limit gains.
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