Ericsson Q3 Earnings: Gains From AT&T Boost, CEO Signals North American Recovery
Portfolio Pulse from Anusuya Lahiri
Ericsson reported a 4% decline in Q3 sales but exceeded analyst expectations with $5.93 billion in revenue, boosted by a $14 billion deal with AT&T for Open RAN deployment. The company saw improved margins and EPS, with a positive outlook for North American market recovery.
October 15, 2024 | 10:50 am
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Ericsson's Q3 results exceeded expectations with $5.93 billion in revenue, driven by a $14 billion deal with AT&T for Open RAN deployment. Improved margins and EPS indicate a positive outlook, especially in North America.
Ericsson's strong Q3 performance, driven by a significant partnership with AT&T, led to better-than-expected revenue and improved margins. The positive outlook for North America further supports a likely increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
iShares US Digital Infrastructure and Real Estate ETF offers exposure to Ericsson, which reported strong Q3 results and a positive outlook.
IDGT includes Ericsson, whose strong Q3 results and positive outlook could enhance the ETF's performance, making it appealing for investors interested in digital infrastructure.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Ericsson's positive performance through the First Trust NASDAQ Technology Dividend Index Fund, which includes Ericsson.
TDIV includes Ericsson, whose strong Q3 results and positive outlook could benefit the fund's performance, making it attractive for investors seeking exposure to Ericsson.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50