Categories Earnings, LATEST, Technology

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 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.

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Also Read:  American Eagle Outfitters (AEO) Q4 2019 Earnings Snapshot

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