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Ericsson: 2Q Earnings Snapshot

July 17, 2019

STOCKHOLM (AP) _ Ericsson (ERIC) on Wednesday reported second-quarter net income of $180.6 million, after reporting a loss in the same period a year earlier.

The Stockholm-based company said it had profit of 5 cents per share. Earnings, adjusted for amortization costs and restructuring costs, were 6 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The telecommunications equipment provider posted revenue of $5.8 billion in the period.

Ericsson shares have climbed 8% since the beginning of the year. The stock has risen 25% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERIC at https://www.zacks.com/ap/ERIC

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