Ericsson reported second-quarter fiscal 2024 results. The stock price climbed after the print. Sales declined 7% year-over-year to 59.8 billion Swedish Krona. In USD, sales of $5.597 billion beat the analyst consensus estimate of $5.363 billion. The sales decline was due to an 11% decrease in Networks. Group organic sales declined by 7% Y/Y. Organic sales were stable in Cloud Software and...

05:59 AM EDT, 07/12/2024 (MT Newswires) -- Ericsson (ERIC) reported a Q2 loss Friday of 3.34 Swedish kroner ($0.32) per diluted share, widening from a loss of 0.21 kroner a year earlier. Analysts polled by Capital IQ expected earnings of 0.36 kroner. Revenue for the quarter ended June 30 was 59.85 billion kroner, down from 64.44 billion kroner a year...

NEW YORK (Reuters) - U.S. companies releasing quarterly results in the coming weeks face investors who expect no less than stellar growth, with estimates particularly high for Wall Street technology heavyweights such as Nvidia and Microsoft. Stocks have rallied in recent weeks, partly on the view that tech-related megacaps and other U.S. companies can deliver earnings strong enough to support...

05:48 AM EDT, 07/12/2024 (MT Newswires) -- Tesla (TSLA) introduced a new rear-wheel drive version of its Model 3 long-range vehicle on Thursday, according to the electric vehicle maker's website. The new variant is available at $42,490, while prices for the base Model 3, long-range all-wheel drive, and performance variants remain unchanged. Price: 236.75, Change: -4.28, Percent Change: -1.78 ...