Ericsson Q2 Profit Rises - Quick Facts

(RTTNews) - Ericsson (ERIC) reported that its second quarter net income rose to 2.6 billion Swedish kronor from 1.8 billion kronor last year. On a per share basis, net income was 0.74 kronor compared to 0.51 kronor in the prior year.

Operating income, excluding restructuring charges, improved to 4.5 billion kronor from the prior year's 3.9 billion kronor driven by improvements in segment Digital Services.

Sales grew to 55.6 billion kronor from 54.8 billion kronor in the previous year. Sales adjusted for comparable units and currency were flat year-over-year.

The company maintained the Group targets for 2020 and 2022.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More