finance
Ericsson Reports Lower-Than-Expected Q2 Sales and Profit
Ericsson posted second-quarter net sales of SEK 52.69 billion, below analyst estimates. Adjusted earnings also missed forecasts while the company projected a Q3 gross margin range for its networks segment.
Jul 14, 1:10 AM·1m read3 sources
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Ericsson reported net sales of SEK 52.69 billion for the second quarter, compared with analyst expectations of SEK 53.86 billion. Adjusted EBIT came in at SEK 6.52 billion against a consensus estimate of SEK 6.64 billion. Adjusted EBITA reached SEK 6.88 billion, slightly above the projected SEK 6.82 billion.
The adjusted EBITA margin stood at 13.1 percent, exceeding the 12.9 percent forecast. The company stated it expects its networks segment adjusted gross margin to fall between 48 percent and 50 percent in the third quarter. The results reflect performance across Ericsson's core telecommunications equipment business during the April-to-June period.
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