Investing.com - LM Ericsson (BS:ERICAs) B ADR reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
LM Ericsson B ADR announced earnings per share of kr1.35 on revenue of kr62.5B. Analysts polled by Investing.com anticipated EPS of kr0.158 on revenue of kr6.18B.
LM Ericsson B ADR shares are down 31.09% from the beginning of the year and are trading at kr7.49 , down-from-52-week-high.They are under-performing the Nasdaq which is down 28.11% 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 kr1.55 on revenue of kr18.16B, compared to forecasts EPS of kr1.43 on revenue of kr17.66B.
Adobe had beat expectations on June 16 with second quarter EPS of kr3.35 on revenue of kr4.39B, compared to forecast for EPS of kr3.31 on revenue of kr4.34B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar