Investing.com - Ericsson A reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ericsson A announced earnings per share of kr1.57 on revenue of kr68.04. Analysts polled by Investing.com EPS of kr1.82 on revenue of kr64.84B.
Ericsson A 's are up 14% and is trading at kr66.70 , still down 43.67% from its 52 week high of kr118.40 set on Friday, February 11, 2022.
Ericsson A follows other major Information Technology sector earnings this month
Ericsson A's report follows an earnings missed by LM Ericsson B on Thursday, who reported EPS of kr1.56 on revenue of kr68B, EPS of kr1.82 on revenue of kr64.84B.
Mycronic publ AB had beat expectations on Thursday with third quarter EPS of kr1.56 on revenue of kr1.21B, for EPS of kr1.36 on revenue of kr1.12B.
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