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Ericsson's Q2 Loss Widens, Revenue Falls

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Ericsson's Q2 Loss Widens, Revenue Falls

Jul 12, 2024 3:14 AM

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 earlier.

Analysts surveyed by Capital IQ expected 58.32 billion kroner.

Price: 6.38, Change: -0.01, Percent Change: -0.18

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