Actionable news
All posts from Actionable news
Actionable news in ERIC: Ericsson,

Ericsson Misses Q2 Earnings Consensus; Sees Further Full-Year Weakness

Ericsson SA (ERIC) shares fell the most in more than nine months in early Tuesday trading after the group posted softer-than-expected second quarter earnings Tuesday and cautioned that weaker market conditions could hit its bottom line by as much as $600 million over the next year.

Ericsson said earnings for the three months ending in June were tabbed at SEK0.17 per share, well shy of the SEK0.33 per share figure collected by FactSet. The group also missed analysts' estimates for its gross margin, which came in at 29.8%...