Ericsson (ERIC): Q4 2019 Earnings Snapshot

— Ericsson (NASDAQ: ERIC) reported Q4 2019 earnings of SEK1.33 per share compared to a loss of SEK1.99 per share in the prior-year period. — Net income was SEK4.5 billion compared to a net loss of SEK6.5 billion last year. — Sales grew 4% year-over-year to SEK66.4 billion. — Reported sales in the Networks […]

$ERIC January 24, 2020 1 min read

NYSE

$ERIC · Earnings

“
— Ericsson (NASDAQ: ERIC) reported Q4 2019 earnings of SEK1.33 per share compared to a loss of SEK1.99 per share in the prior-year period. — Net income was SEK4.5 billion compared to a net loss of SEK6.5 billion last year. — Sales grew 4% year-over-year to SEK66.4 billion. — Reported sales in the Networks […]
· January 24, 2020

— Ericsson (NASDAQ: ERIC) reported Q4 2019 earnings of SEK1.33 per share compared to a loss of SEK1.99 per share in the prior-year period.

— Net income was SEK4.5 billion compared to a net loss of
SEK6.5 billion last year.

— Sales grew 4% year-over-year to SEK66.4 billion.

— Reported sales in the Networks segment increased 7%
year-over-year to SEK44.4 billion.

— Net sales in Digital Services inched up 1% to SEK13.2
billion.

— Sales in Managed Services rose 2% to SEK7 billion.

— Sales in Emerging Business and Other fell 24% to SEK1.7
billion.

— ERIC stock was down 8.3% in premarket hours on Friday.

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

Related Articles

Cardiovascular and Robotics Drive Medtronic’s Record 10-Quarter Revenue Spike

Avient Powers Through 2025 on Non-PFAS Innovation and SEM Momentum, Sets Sights on 2026 Growth

Operational Efficiency Powers MGY to Historic Production and Dividend Lift