0749 GMT - Ericsson's second-quarter outlook reads better than consensus in networks profitability, Morgan Stanley analysts write. The first quarter networks gross margin was 51% versus guidance of 47%-49%. For the second quarter, the networks gross margin is expected to be in the range of 48%-50% against consensus at 47.3%. "Overall...this implies that guidance on mobile networks second-quarter EBITA is about 4% higher than consensus second-quarter expectations." Sales were 1% below expectations, whilst gross income and EBITA beat by 5% and 42% respectively, the bank says. The profitability beat came from the three main divisions, particularly mobile networks, benefiting from product mix, market mix (skewed to North America) and cost actions." Shares rise 7.5%. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 15, 2025 03:49 ET (07:49 GMT)
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