Market Overview

Ericsson Q3 Profit Surges 34%

Related ERIC
It Just Cut Nokia Estimates, But Oppenheimer Still Recommends Going Long
Benzinga's Top #PreMarket Losers
WiLAN closes down 4.7%; Ericsson wins motion for summary judgment (Seeking Alpha)

Ericsson (NASDAQ: ERIC) reported a 34% rise in its third-quarter net profit.

Ericsson's quarterly net profit surged to 2.92 billion Swedish kronor ($460 million), while operating profit rose to SEK4.23 billion from SEK3.10 billion. However, analysts were expecting a net profit of SEK3.21 billion.

Its gross margin widened to 32% from 30.4%. Its revenue declined to SEK53.0 billion from SEK54.6 billion.

Ericsson shares closed at $13.06 yesterday.

Posted-In: profitEarnings News


Related Articles (ERIC)

Around the Web, We're Loving...