Categories Earnings

Earnings: Stronger 5G market lifts Ericsson’s ambitions

Swedish firm Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) on Thursday reported solid quarterly and results strong guidance, riding on global the 5G wave. For the third quarter, the telecommunications firm’s revenue grew 6% to SEK 57.1 billion, riding on growth in North America and North East Asia.

Meanwhile, the company swung to a loss of SEK 1.89 per share from a profit of SEK 0.83 per share last year, despite an improvement in gross margin, hurt by certain one-off charges.

ericsson earnings
Image by Kurniadi Ilham from Pixabay

Thanks to a stronger 5G market, Ericsson also raised its sales guidance for fiscal 2020 to a range of SEK 230 billion to SEK 240 billion, from the earlier prediction of SEK 210 billion to SEK 220 billion. Meanwhile, the company kept unchanged its expectation of achieving operating margin of more than 10% in 2020.

“5G is taking off faster than earlier anticipated and we see initial 5G buildout as a capacity enhancer in metropolitan areas. However, over time, new exciting innovations for 5G will come with industrial and IoT use cases, leveraging the speed, latency and security characteristics of 5G,” the company said in a statement.

READ: Huawei posts higher sales despite restrictions from the US

The company added that China is the largest market for 5G infrastructure deployment, which is expected to start in near term.

Ericsson shares were trading up over 7% during pre-market hours on Thursday. The stock has declined 17% in the trailing six months.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues

Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came

Riding the AI wave, Nvidia looks set to stay on the high-growth path

After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on

Target (TGT): A look at some of the challenges faced by the retailer in 3Q24

Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and

Comments

  1. Pingback: Arie Baisch
  2. Pingback: Chirurgie Tunisie
  3. Pingback: Student life
  4. Pingback: Simulation Models
  5. Pingback: MSc in pharmacy
  6. Pingback: Teeth whitening
  7. Pingback: Teeth Whitening
  8. Pingback: Technology
  9. Pingback: IT Management
  10. Pingback: Fiverr Earn
  11. Pingback: Fiverr Earn
  12. Pingback: fiverrearn.com
  13. Pingback: 3pl Broker
  14. Pingback: TLI
  15. Pingback: livpure buy
  16. Pingback: clima de hoy
  17. Pingback: fiverrearn.com
  18. Pingback: fiverrearn.com
  19. Pingback: chiweenie
  20. Pingback: jute rugs
  21. Pingback: bewerto
  22. Pingback: best budget phones
  23. Pingback: future university
  24. Pingback: french bulldogs
  25. Pingback: FiverrEarn
  26. Pingback: fue
  27. Pingback: lean manufacturing
  28. Pingback: FUE
  29. Pingback: FUE
  30. Pingback: FUE
  31. Pingback: Storage solutions
  32. Pingback: Classic Books 500
  33. Pingback: FiverrEarn
  34. Pingback: Fiverr.Com
  35. Pingback: FiverrEarn
  36. Pingback: FiverrEarn
  37. Pingback: FiverrEarn
  38. Pingback: Coach
  39. Pingback: pupuk anorganik
  40. Pingback: partners
  41. Pingback: Public Policy
  42. Pingback: FiverrEarn
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: live sex cams
  47. Pingback: live sex cams
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: FiverrEarn
  57. Pingback: FiverrEarn
  58. Pingback: fullersears.com
  59. Pingback: live sex cams
  60. Pingback: live sex cams
  61. Pingback: freeze dried
  62. Pingback: frt trigger
  63. Pingback: Despacho contable
  64. Pingback: 늑대닷컴
  65. Pingback: Slot online iOS
  66. Pingback: nang delivery
  67. Pingback: superslot
  68. Pingback: allgame
  69. Pingback: 918kiss
  70. Pingback: หวย24
  71. Pingback: pg slot
  72. Pingback: catskills hotel
  73. Pingback: itsMasum.Com
  74. Pingback: itme.xyz
  75. Pingback: ItMe.Xyz
  76. Pingback: ItMe.Xyz
  77. Pingback: itme.xyz
  78. Pingback: FB URL Shortener

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top