0838 GMT - Ericsson's results are broadly in line across the board, Jefferies analyst Janardan Menon writes in a note. Reported sales are 2% below the bank's forecast, with the miss coming mainly in cloud software and services. Networks sales were slightly ahead. Currency was a headwind and North American sales were weak, but the overall adjusted gross margin was slightly ahead of the bank's estimate with networks margins coming in-line. Cash generation was once again strong. "In the absence of any clear catalysts, we remain neutral." Shares fall 1.6% (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 17, 2026 04:38 ET (08:38 GMT)
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