ERIC posted mixed Q2 results, with earnings topping analyst estimates despite a decline in sales, as strength in its Cloud business, but fla
ERIC posted mixed Q2 results, with earnings topping analyst estimates despite a decline in sales, as strength in its Cloud business, but flagged rising component costs linked to AI demand; Q2 revs declined 6.1% Y/Y to SEK 52.7B, missing the consensus estimate of SEK 54.04B while EPS of SEK 1.22 beat the consensus estimate of SEK 1.19; shares -8.5% premarket
ERIC posted mixed Q2 results, with earnings topping analyst estimates despite a decline in sales, as strength in its Cloud business, but flagged rising component costs linked to AI demand; Q2 revs declined 6.1% Y/Y to SEK 52.7B, missing the consensus estimate of SEK 54.04B while EPS of SEK 1.22 beat the consensus estimate of SEK 1.19; shares -8.5% premarket