0822 GMT - Ericsson headline numbers are on the soft side, with adjusted EBIT missing Bloomberg consensus by 5%, but sales registered a slight 1% beat, Danske Bank senior analyst Mads Lindegaard Rosendal writes. Ericsson's topline grew 2% on year, which masked vast regional differences, he says. The U.S. grew 54% on year while other regions declined sharply. "In terms of forward-looking guidance, the report was decent, with Ericsson expecting a gradual recovery in the radio access network market with first quarter 2025 growth in networks roughly in line with the groups three year average." Rosendal says Ericsson has done very well in terms of controlling costs and generating cash flow. Shares fall 8.9% to 88.90 Swedish kronor. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
January 24, 2025 03:22 ET (08:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。