Telefonaktiebolaget L M Ericsson Q3 2024 GAAP EPS $0.11 Beats $0.08 Estimate, Sales $6.110B Beat $5.719B Estimate
Portfolio Pulse from Benzinga Newsdesk
Telefonaktiebolaget L M Ericsson (NASDAQ:ERIC) reported Q3 2024 earnings of $0.11 per share, surpassing the $0.08 estimate, and sales of $6.110 billion, exceeding the $5.719 billion estimate. This marks a significant improvement from the previous year.
October 15, 2024 | 5:22 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ericsson's Q3 2024 earnings and sales exceeded expectations, with EPS at $0.11 and sales at $6.110 billion, indicating strong financial performance.
Ericsson's earnings per share and sales both exceeded analyst expectations, which is likely to positively impact the stock price in the short term. The significant year-over-year growth in EPS and sales further supports a positive outlook.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100