UPDATE 2-Ericsson earnings top forecast as 5G takes off [Reuters]
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
Last ericsson - american depositary shares each representing 1 underlying class b share earnings: 4/22 01:48 am
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Source: Reuters
Ericsson earnings top forecast as 5G takes off - Reuters 3 Min Read STOCKHOLM (Reuters) - Telecoms equipment maker Ericsson ( ERICb.ST ) beat quarterly core earnings expectations on Thursday and lifted its market forecast for this year and its sales target for 2020, saying demand for superfast 5G networks was taking off earlier than expected. 5G networks are at the center of a brewing technology war between United States and China, as they are expected to host critical functions from autonomous vehicles to smart electric grids and military communications, underscoring their importance to national security. Washington has put Chinese supplier Huawei on a trade blacklist and led a worldwide campaign to convince allies to ban the firm from their 5G networks, alleging its equipment could be used by Beijing for spying - which Huawei has repeatedly denied. Sweden’s Ericsson, which together with Finland’s Nokia ( NOKIA.HE ) and Huawei sells the bulk of radio access network equipment that
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Earnings
- 10/15/24 - Beat
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- 10/21/24 - JP Morgan
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Sec Filings
- 11/12/24 - Form SC
- 10/30/24 - Form 6-K
- 10/15/24 - Form 6-K
- ERIC's page on the SEC website