• Telefonaktiebolaget LM Ericsson ERIC.OQ reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of three analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 19 cents to 21 cents per share.

• Revenue rose 0.2% to $6.77 billion from a year ago; analysts expected $6.93 billion.

• Telefonaktiebolaget LM Ericsson's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $443.6 million.

• Telefonaktiebolaget LM Ericsson shares had risen by 10.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 6 "hold" and 3 "sell" or "strong sell."

• The average consensus recommendation for the communications & networking peer group is also "hold"

Wall Street's median 12-month price target for Telefonaktiebolaget LM Ericsson is $6.62

This summary was machine generated from LSEG data January 24 at 08:31 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)