Ericsson (ERIC) Beats Earnings Estimates in Q2, Shares Up Full year 2020 restructuring charges are estimated to be ~1% of sales. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.59 billion. Q2 Earnings and Ericsson Stock Ericsson reported its second-quarter earnings for 2020 on July 17. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter. The dark blue line represents the company's actual earnings per share. Network sales increased 4% Y/Y while digital services sales dipped 5% due to reduced sales of services and hardware.Managed Services sales dipped 12% Y/Y due to lower variable sales in a North America managed services contract post the merger between two larger operators, and transfer of a managed services contract to Ericsson Nikola Tesla d.d.Gross margin excluding restructuring charges improved 150 bps to 38.2%, including the earlier communicated inventory write-down (-SEK0.9B) related to Mainland China.Operating income excluding restructuring charges of SEK4.5B (+18% Y/Y), led by digital services segment improvement.Net income stood at SEK2.6B or SEK0.74/share (+45% Y/Y), beating consensus by SEK0.29.Free cash flow before M&A was SEK3.2B (+102% Y/Y), while net cash as of June 30, 2020, was SEK37.5B (+11% Y/Y).During the quarter, the 3-year term of the monitorship under the resolution with the U.S. authorities commenced and Ericsson looks forward to work together with the independent compliance monitor.In June 2020, Ericsson's board appointed Arun Bansal as EVP; he will continue to maintain his Senior VP and Head of Market Area Europe & Latin America position.In order to capture additional business opportunities, R&D investments in digital services are accelerated.Looking ahead, Ericsson maintains group financial targets for 2020 and for 2022 operating margin target is set at 10-12%. Ericsson (ERIC) expects Q2 to have seen a softer performance of the company than normal due to the timing of strategic contracts and uncertainty induced by the COVID-19 pandemic. Analyzing Ericsson’s Q2 Earnings and Conference Call © 2020 Market data provided is at least 10-minutes delayed and hosted by

For Q2, Telefonaktiebolaget LM Ericsson (ERIC +12.1%) reported a marginal 1% Y/Y growth in sales to SEK55.6B (beats consensus by SEK550M) mainly contributed by 5G deployments in … There had been concern that the impact of the novel coronavirus pandemic would be … The Swedish firm's earnings were buoyed by higher margins on its telecom equipment. Learn about financial terms, types of investments, trading strategies and more.MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Ericsson (ERIC) Q1 2020 Earnings Call Transcript ERIC earnings call for the period ending March 31, 2020. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.Get daily stock ideas top-performing Wall Street analysts. Ericsson sees a slight uptick as Huawei is banned from Britain's 5G networks.

Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) rose 9.7% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings … Get short term trading ideas from the MarketBeat Idea Engine. Sweden's Ericsson reported quarterly core earnings ahead of market estimates on Friday, buoyed by higher margins on the sale of telecom equipment, and said it … Export data to Excel for your own analysis. View our full suite of financial calendars and market data tables, all for free.Receive a free world-class investing education from MarketBeat.

View which stocks are hot on social media with MarketBeat's trending stocks report.Identify stocks that meet your criteria using seven unique stock screeners. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Telefonaktiebolaget LM Ericsson has generated $0.11 earnings per share over the last year and currently has a price-to-earnings ratio of 126.7. Ericsson (ERIC) reported its second-quarter earnings on Wednesday. Learn everything you need to know about successful options trading with this three-part video course.Looking for new stock ideas? Telefonaktiebolaget LM Ericsson last announced its earnings data on July 17th, 2020. See what's happening in the market right now with MarketBeat's real-time news feed. The following slide deck was published by Telefonaktiebolaget LM Ericsson (publ) in conjunction with their 2020 Q2 earnings call. However, unfavorable mix between coverage & … Want to see which stocks are moving? All rights reserved.

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