Ericsson Q4 Earnings, Net Sales Increase

MT Newswires Live

01/24

Ericsson (ERIC) reported Q4 earnings Friday of 1.44 Swedish krona ($0.13) per diluted share, up from 1.02 krona a year earlier.

Analysts polled by FactSet expected 2.18 krona.

Net sales for the quarter ended Dec. 31 were 72.9 billion krona, up from 71.9 billion krona a year earlier.

Analysts surveyed by FactSet expected 73.68 billion krona.

The company fell more than 7% in Friday's premarket activity.

Price: 8.20, Change: -0.70, Percent Change: -7.87

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