0841 GMT - Ericsson consensus sales expectations probably need to come down after the company reported mixed results, JPMorgan analysts Sandeep Deshpande and Anchal Sahu write. The networks business performance was strong but overall earnings missed consensus due to performance outside networks, they say. With the company indicating that first quarter sales growth will be similar to average seasonality, the bank expects the consensus sales estimates need to decline by a low-mid single digit percentage. However, with networks gross margin guided to 48% versus 47.5% in consensus, first quarter earnings consensus may decline by a low single digit percentage, the bank says. Shares fall 8.2% to 89.58 Swedish kronor. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
January 24, 2025 03:41 ET (08:41 GMT)
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