04:00 AM EDT, 04/16/2024 (MT Newswires) -- Ericsson (ERIC) reported Q1 earnings Tuesday of 0.77 Swedish kroner ($0.07) per diluted share, up from 0.45 kroner a year earlier.

Analysts polled by Capital IQ expected 0.20 kroner.

Revenue for the quarter ended March 31 was 53.33 billion kroner, down from 62.55 billion kroner a year earlier.

Analysts surveyed by Capital IQ expected 55.16 billion kroner.