09:19 AM EDT, 07/12/2024 (MT Newswires) -- (Corrects the currency throughout the story.)

Ericsson (ERIC) reported a Q2 loss Friday of 3.34 Swedish kronor ($0.32) per diluted share, widening from a loss of 0.21 kronor a year earlier.

Analysts polled by Capital IQ expected earnings of 0.36 kronor.

Revenue for the quarter ended June 30 was 59.85 billion kronor, down from 64.44 billion kronor a year earlier.

Analysts surveyed by Capital IQ expected 58.32 billion kronor.

Price: 6.56, Change: +0.17, Percent Change: +2.66