Investing.com - LM Ericsson (BS:ERICAs) B ADR reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
LM Ericsson B ADR announced earnings per share of kr0.88 on revenue of kr55.1B. Analysts polled by Investing.com anticipated EPS of kr0.1376 on revenue of kr5.72B.
LM Ericsson B ADR shares are down 13.89% from the beginning of the year and are trading at kr9.36 , down-from-52-week-high.They are under-performing the Nasdaq which is down 12.79% from the start of the year.
LM Ericsson B ADR follows other major Information Technology sector earnings this month
LM Ericsson B ADR's report follows an earnings beat by Taiwan Semiconductor on Thursday, who reported EPS of kr1.4 on revenue of kr17.57B, compared to forecasts EPS of kr1.27 on revenue of kr16.76B.
Accenture had beat expectations on March 17 with second quarter EPS of kr2.54 on revenue of kr15.05B, compared to forecast for EPS of kr2.37 on revenue of kr14.65B.
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