Tiger Newspress2022-01-25
Ericsson rose over 7% in premarket trading after posting forecast-beating profit.
Its quarterly adjusted operating earnings rose to 11.9 billion Swedish crowns ($1.28 billion) from 11 billion a year ago, beating the mean forecast of 10.30 billion, according to Refinitiv data.
Total revenue rose 2% to 71.3 billion crowns, beating estimates of 68.33 billion crowns. Sales in mainland China declined by 1.8 billion crowns, meaning that excluding mainland China organic sales growth was 5%.
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