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Market Closed -
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5-day change | 1st Jan Change | ||
| 58.2 SEK | +0.24% |
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+2.50% | -7.78% |
| May. 10 | Ericsson: departure of a member of the Management Board | CF |
| May. 10 | Ericsson Announces Departure of Fadi Pharaon as Senior Vice President and Head of Market Area Middle East & Africa | CI |
STOCKHOLM (Reuters) - Sweden's Ericsson on Tuesday reported first-quarter core earnings that missed expectations as telecom customers in high-margin countries such as the United States held back on spending on 5G equipment.
The company's quarterly adjusted operating earnings fell to 3 billion Swedish crowns ($290.03 million) from 4.7 billion crowns a year earlier, missing analysts' mean forecast of 3.28 billion, according to Refinitiv data.
($1 = 10.3438 Swedish crowns)
(Reporting by Supantha Mukherjee in Stockholm, editing by Terje Solsvik)
| 1st Jan change | Capi. | |
|---|---|---|
| -7.78% | 17.9B | |
| -4.87% | 195B | |
| +33.34% | 98.41B | |
| +58.20% | 65.76B | |
| +15.89% | 60.52B | |
| +31.42% | 32.45B | |
| +13.99% | 20.69B | |
| +51.63% | 18.63B | |
| +5.70% | 17.27B | |
| +17.50% | 11.26B |
ERICSSON 
