Telefonaktiebolaget LM Ericsson American Depositary Shares (ERIC)
Ericsson Stock Surges. How AT&T Is Helping the Telecoms Equipment Supplier.
Ericsson said its networks unit's North America sales rose 80% in the third quarter.
Telefonaktiebolaget LM Ericsson (publ) (ERIC) Q3 2024 Earnings Conference Call Transcript
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC ) Q3 2024 Earnings Conference Call October 15, 2024 3:00 AM ET Company Participants Daniel Morris - Head of IR Borje Ekholm - President and CEO Lars Sandstrom - CFO Conference Call Participants Alex Duval - Goldman Sachs Joachim Gunell - DNB Markets Francois Bouvignies - UBS Andreas Joelsson - Carnegie Sebastien Sztabowicz - Kepler Cheuvreux Erik Rojestal - SEB Jakob Bluestone - BNP Paribas Rob Sanders - Deutsche Bank Sandeep Deshpande - JPMorgan Daniel Djurberg - Handelsbanken Andrew Gardiner - Citi Sami Sarkamies - Danske Bank Felix Henriksson - Nordea Markets Terence Tsui - Morgan Stanley Didier Scemama - Bank of America Merrill Lynch Daniel Morris Hello, everyone, and welcome to the presentation of Ericsson's Third Quarter 2024 Results. With me here in the studio today, Borje Ekholm, our President and CEO and our CFO, Lars Sandstrom.
Ericsson shares jump 7% on third-quarter beat, growth in North America sales
Ericsson on Tuesday declared adjusted third-quarter earnings, excluding impairments, of 7.327 billion Swedish crowns ($0.7 billion), surpassing the 5.75 billion crown mean forecast of analysts cited by Reuters. North America emerged as a bright spot in the sales picture, with year-on-year growth of more than 50%.
Ericsson stock jumps as AT&T fuels earnings beat
Ericsson shares rallied on Tuesday as the Swedish telecom equipment maker said the market is stabilizing as North America returns to growth.
Ericsson starting to see a gradual recovery, CEO says
Ericsson CEO Börje Ekholm says the Swedish firm has taken a lot of actions to adjust how it operates as the market remains challenging.
Ericsson sees signs of stabilising market as it beats forecasts
Sweden's Ericsson on Tuesday said the telecom equipment market is showing signs of improvement after reporting core earnings and sales above expectations, helped by a rebound in demand for 5G gear in North America.
Exclusive: Ericsson gets new 5G contract from India's Bharti Airtel - sources
Swedish telecom gear maker Ericsson has received a new multi-billion dollar contract for selling 5G equipment from India's Bharti Airtel , according to two sources familiar with the matter.
Ericsson: Looking At The Upside For 2024-2026E After Excellent Returns
Ericsson's valuation has dropped to attractive levels, making it a "Buy" with a price target of 115 SEK or $9.50 per share. Despite recent volatility and restructuring charges, Ericsson's strong cash position and leadership in 5G technology offer significant upside potential. The company's focus on enterprise and cloud segments, coupled with its competitive 5G offerings, positions it well for future growth.
Will Revenue Contraction Affect Ericsson's Q3 Earnings Results?
ERIC is expected to witness a top-line decline year over year in the third quarter of 2024, owing to a slowdown in network investments in several regions.
ERIC's Solution to Boost Grameenphone's Network: Stock to Gain?
Ericsson is set to deploy its state-of-the-art Mediation Solution to boost Grameenphone's customer billing precision.
ERIC Solutions to Modernize Tmcel's Network: Stock to Benefit?
Ericsson is set to deploy solutions from its state-of-the-art BSS/OSS portfolio for enhanced service experience in Africa.
Ericsson CEO Börje Ekholm on AI
Ericsson CEO Börje Ekholm joins Worldwide Exchange to explain why he is calling on the European Union to revamp its approach to AI regulation.
