Ericsson's Q2 Earnings, Sales Fall; Shares Drop Premarket
Ericsson (ERIC) reported Q2 earnings Tuesday of 1.22 Swedish krona ($0.13) per diluted share, down from 1.37 krona a year earlier. Analysts surveyed by FactSet expected 1.18 krona. Net sales for the quarter ended June 30 were 52.69 billion krona, down from 56.13 billion krona a year earlier. Analysts polled by FactSet expected 53.94 billion krona. Shares of the company were down 8.7% in Tuesday premarket activity.
Ericsson (ERIC) reported Q2 earnings Tuesday of 1.22 Swedish krona ($0.13) per diluted share, down from 1.37 krona a year earlier.
Analysts surveyed by FactSet expected 1.18 krona.
Net sales for the quarter ended June 30 were 52.69 billion krona, down from 56.13 billion krona a year earlier.
Analysts polled by FactSet expected 53.94 billion krona.
Shares of the company were down 8.7% in Tuesday premarket activity.