Ericsson reports second quarter results 2024
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Ericsson shares pop as Q2 earnings surpass estimates
July 12, 2024 4:53 AM EDTEricsson AB (NASDAQ: ERIC) saw its shares rise higher on Friday after its Q2 earnings beat analysts' expectations, aided by cost-cutting measures amid what the company described as a challenging market environment.
Adjusted earnings before interest and taxes increased by 14% year-over-year to 3.23 billion kronor ($307 million), excluding impairments, the Stockholm-based company announced on Friday. This figure topped the 2.7 billion kronor average forecast by analysts surveyed by Bloomberg.
Ericssons U.S.-listed shares rose more than 6.4% in premarket trading... More
