Telefonaktiebolaget LM Ericsson American Depositary Shares (ERIC)
Telefonaktiebolaget LM Ericsson (publ) (ERIC) Q2 2024 Earnings Call Transcript
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC ) Q2 2024 Earnings Conference Call July 12, 2024 4:00 AM ET Company Participants Daniel Morris - Head of Investor Relations Borje Ekholm - President and Chief Executive Officer Lars Sandstrom - Senior Vice President, Chief Financial Officer Conference Call Participants Francois-Xavier Bouvignies - UBS Alexander Duval - Goldman Sachs Andreas Joelsson - Carnegie Andrew Gardiner - Citi Sandeep Deshpande - JPMorgan Joachim Gunell - DNB Markets Daniel Djurberg - Handelsbanken Erik Lindholm-Rojestal - SEB Sami Sarkamies - Danske Bank Joseph Zhou - Barclays Felix Henriksson - Nordea Markets Janardan Menon - Jefferies Richard Kramer - Arete Research Didier Scemama - Bank of America Daniel Morris Hello, everyone, and welcome to today's presentation of Ericsson's Second Quarter 2024 Results. Today, Borje Ekholm, our President and CEO, joins us by video, and Lars Sandstrom, Chief Financial Officer, is here in the studio with me.
Ericsson (ERIC) Q2 Earnings Miss Estimates, Top Line Falls
Ericsson (ERIC) reports a top-line decline year over year owing to demand softness in the Networks segment. Sales growth in North America is a tailwind.
Ericsson Gets a Lift From North American Demand
American depositary receipts (ADRs) of Ericsson (ERIC) rose to their highest level in almost two years Friday after the telecom equipment manufacturer posted stronger-than-expected sales in North America.
Ericsson shares jump 6% as sales fall less than expected, North America returns to growth
Ericsson shares rose 8% Friday to their highest level since September 2022. Net sales fell 7% year-on-year to 59.8 billion Swedish kronor ($5.68 billion) in the second quarter, better than the 58.3 billion kronor forecast in an LSEG poll of analysts.
Ericsson (ERIC), Vodafone Team Up to Deploy 5G Antenna in Germany
Vodafone selects Ericsson's (ERIC) cutting-edge antenna solution to accelerate network expansion across Germany.
Ericsson (ERIC) to Drive Digital Transformation in Thailand
Ericsson (ERIC) unveils new initiative to revolutionize digital transformation in Thailand with its state-of-the-art 5G solutions.
Ericsson (ERIC) to Report SEK 11.4B Non-cash Impairment Expense
Ericsson (ERIC) is set to record a non-cash impairment charge of SEK 11.4 billion in the second quarter of 2024, associated with the Vonage acquisition.
Ericsson (ERIC), Optus Team Up to Advance 5G Capabilities
Ericsson (ERIC) successfully demonstrates its Interference Sensing Technology on Optus' live network. The solution efficiently detects and minimizes inter-cell interference to boost network capacity and data throughput.
The 3 Best 6G Stocks to Buy in July 2024
While the 6G race is well underway, some curious investors may wonder when and how 6G technology will come. Many analysts predict the technology will begin testing between 2025 and 2028, with the first commercial applications arriving around 2030.
3 Dividend-Yielding Large-Cap Stocks Under $10: Nokia, Ericsson, Sirius XM
For investors seeking value, stability, and income, dividend-yielding large-cap stocks under $10 can be an attractive option. These stocks not only offer substantial market caps but also provide solid dividend yields, making them appealing to both income-focused and value-oriented investors.
Ericsson (ERIC) Solution to Help Optimize Energy Consumption
Ericsson's (ERIC) Site Energy Orchestration solution is likely to be a game-changer for businesses looking to reduce energy bills and carbon footprint.
Ericsson (ERIC) Partners With TOMRA to Drive Circular Economy
By integrating their cutting-edge technologies, Ericsson (ERIC) and TOMRA aim to demonstrate how waste can be monetized as a valuable resource, encouraging circularity over traditional waste disposal methods.
