03:20 AM EDT, 04/17/2026 (MT Newswires) -- Ericsson (ERIC) reported Q1 earnings Friday of 0.27 Swedish krona ($0.029) per diluted share, down from 1.24 krona a year earlier.

Analysts polled by FactSet expected 1.04 krona.

Net sales for the quarter ended March 31 were 49.33 billion krona, down from 55.03 billion krona a year earlier.

Analysts surveyed by FactSet expected 50.93 billion krona.

The company also said it authorized a stock buyback plan worth up to 15 billion krona, scheduled to begin on Thursday.

Shares of the company were down 6% in Friday premarket activity.