Why Ericsson Shares Are Trading Higher By Around 9%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Ericsson shares surged 8.9% in pre-market trading after reporting better-than-expected quarterly earnings and sales. The company reported earnings of 11 cents per share, beating the consensus estimate of 8 cents, and sales of $6.110 billion, surpassing the expected $5.719 billion.
October 15, 2024 | 10:22 am
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Ericsson's stock rose 8.9% in pre-market trading due to better-than-expected quarterly earnings and sales. The company reported earnings of 11 cents per share, beating the consensus estimate of 8 cents, and sales of $6.110 billion, surpassing the expected $5.719 billion.
Ericsson's better-than-expected earnings and sales figures are likely to boost investor confidence, leading to a positive short-term impact on the stock price. The significant beat on both earnings and sales suggests strong operational performance, which is a positive signal for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100