STOCKHOLM (AP) — STOCKHOLM (AP) — Ericsson (ERIC) on Tuesday reported first-quarter net income of $246.2 million.
The Stockholm-based company said it had net income of 7 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The telecommunications equipment provider posted revenue of $5.13 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $5.33 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERIC at https://www.zacks.com/ap/ERIC
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
