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| Name | Symbol | Market | Type |
|---|---|---|---|
| Ericsson | NASDAQ:ERIC | NASDAQ | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.04 | -0.76% | 5.24 | 5.24 | 5.39 | 5.27 | 5.18 | 5.20 | 15,022,744 | 01:00:00 |
From Apr 2019 to Apr 2024
By Juhana Rossi
Sweden's Ericsson AB on Tuesday reported a weaker-than-expected net profit for the fourth quarter, hurt by a slowdown in spending by network operators in North America.
However, the telecom-equipment maker said weaker sales in the lucrative North American market were partly offset by a better performance in the Middle East, Europe and Asia.
Ericsson reported net profit of 4.22 billion Swedish kronor ($508 million), or 1.29 kronor a share, for the fourth quarter, below analysts' forecast of a median 4.56 billion kronor, or 1.39 kronor a share.
In the same period last year Ericsson's reported a net profit of 6.41 billion kronor, boosted by a one-time gain of 3.3 billion kronor from a licensing agreement with Samsung Electronics Co.
Net sales in the October-to-December quarter came in at 67.99 billion kronor, up 1% from 67.03 billion kronor in the same period last year.
Write to Juhana Rossi at juhana.rossi@wsj.com
Access Investor Kit for LM Ericsson Telefon AB
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Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US2948216088
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