Shares of Telefonaktiebolaget LM Ericsson ERIC moved higher by 8% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share rose 205.26% year over year to $0.20, which beat the estimate of $0.16.
Revenue of $6,477,000,000 rose by 13.37% year over year, which beat the estimate of $6,440,000,000.
Guidance
Telefonaktiebolaget L M hasn't issued any earnings guidance for the time being.
Telefonaktiebolaget L M hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Oct 21, 2020
Time: 03:00 AM
ET Webcast URL: https://www.ericsson.com/en/investors/events-and-presentations
Price Action
52-week high: $12.10
Company's 52-week low was at $6.15
Price action over last quarter: Up 4.49%
Company Profile
Ericsson is leading supplier within the telecommunications equipment sector. The company's three major operating segments are networks, digital services, and managed services. Ericsson sells hardware, software, and services primarily to communication service providers while licensing patents to handset manufacturers. The Stockholm, Sweden-based company derives sales worldwide and had 95,000 employees as of June.
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