Telefonaktiebolaget LM Ericsson reports results for the quarter ended June 30 - Earnings Summary

• Telefonaktiebolaget LM Ericsson ERIC_A reported quarterly adjusted earnings of SEK1.56​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of SEK-2.85. The mean expectation of nine analysts for the quarter was for earnings of SEK1.28 per share. Wall Street expected results to range from 98 øre to SEK1.55 per share.

• Revenue fell 6.2% to SEK56.13 billion from a year ago; analysts expected SEK59.37 billion.

• Telefonaktiebolaget LM Ericsson's reported EPS for the quarter was SEK1.37​.

• The company reported quarterly net income of SEK4.57 billion.

• Telefonaktiebolaget LM Ericsson shares had fallen by 4.4% this quarter and lost 14.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.4% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 11 "hold" and 7 "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is "buy."

• Wall Street's median 12-month price target for Telefonaktiebolaget LM Ericsson is SEK84.50, about 8.5% above its last closing price of SEK77.34

This summary was machine generated from LSEG data July 15 at 06:00 a.m. UTC. ​All figures in Swedish crowns unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)