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Ericsson(ERIC) - 2024 Q3 - Earnings Call Transcript
2024-10-15 10:21
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Q3 2024 Earnings Conference Call October 15, 2024 3:00 AM ET Company Participants Daniel Morris - Head of IR Borje Ekholm - President and CEO Lars Sandstrom - CFO Conference Call Participants Alex Duval - Goldman Sachs Joachim Gunell - DNB Markets Francois Bouvignies - UBS Andreas Joelsson - Carnegie Sebastien Sztabowicz - Kepler Cheuvreux Erik Rojestal - SEB Jakob Bluestone - BNP Paribas Rob Sanders - Deutsche Bank Sandeep Deshpande - JPMorgan Daniel Dju ...
Ericsson shares jump 7% on third-quarter beat, growth in North America sales
CNBC· 2024-10-15 08:52
Shares of Swedish telecom firm Ericsson jumped amid third-quarter core earnings that surpassed analyst expectations and growth in North American demand. The company's stock had edged up near 9% at 8:28 a.m. London time, before lightly paring gains to 7.6% at 9:52 a.m. Ericsson on Tuesday declared adjusted third-quarter earnings, excluding impairments, of 7.327 billion Swedish crowns ($0.7 billion), compared with 3.9 billion Swedish crowns in the same period of last year and exceeding the 5.75 billion crown ...
Ericsson reports third quarter results 2024
Prnewswire· 2024-10-15 05:48
STOCKHOLM, Oct. 15, 2024 /PRNewswire/ -- Strategic highlights – solid progress on both strategic and operational priorities Increased momentum in programmable networks, mobile network contract wins in multiple markets. Global supply of Network APIs secured with JV agreed between leading mobile network operators and Ericsson. Further 5G patent licensing agreement signed in Q3, IPR revenues expected to reach at least SEK 13 b. in 2024. Financial highlights – strong growth in North America and continued gross ...
Ericsson(ERIC) - 2024 Q3 - Earnings Call Presentation
2024-10-15 05:30
W © Telefonaktiebolaget LM Ericsson 2024 | Third quarter report 2024 | October 15, 2024 Ericsson Third quarter 2024 October 15, 2024 Third quarter 2024 This presentation contains forward-looking statements. Such statements are based on our current expectations and are subject to risks and uncertainties that could materially affect our business and results. Please read our earnings reports and our most recent annual report for a better understanding of these risks and uncertainties and please see the last pa ...
Will Revenue Contraction Affect Ericsson's Q3 Earnings Results?
ZACKS· 2024-10-08 17:53
Ericsson (ERIC) is set to release third-quarter fiscal 2024 results on Oct. 15, before the opening bell. In the last reported quarter, the wireless equipment provider missed the Zacks Consensus Estimate by 4 cents. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The company is expected to report a top-line decline year over year in the third quarter of 2024, owing to a slowdown in network investments in several regions, including India, the Middle East and Africa. Healthy demand in ...
ERIC's Solution to Boost Grameenphone's Network: Stock to Gain?
ZACKS· 2024-10-07 16:31
Grameenphone, a leading mobile communication service provider in Bangladesh, has implemented Ericsson's (ERIC) Mediation solution. This cutting-edge solution is aimed at efficiently processing vast amounts of network data, significantly improving the precision of customer billing and enhancing Grameenphone's customer experience. Features of ERIC's Mediation Solution Mediation is a vital telecom hub that connects data generators, such as network and IT nodes, with data consumers like operations and business ...
ERIC Solutions to Modernize Tmcel's Network: Stock to Benefit?
ZACKS· 2024-10-04 15:55
Ericsson (ERIC) recently reaffirmed its partnership with Tmcel Mozambique, aimed at digitally transforming the African telecommunications provider's monetization suite and enhancing customer experiences. ERIC's Extensive Suite of Solutions Per the agreement, Ericsson will deploy Ericsson Charging and Ericsson Mediation from its state-of-the-art Business and Operations Support Systems (BSS/OSS) portfolio. Ericsson Charging provides an effective route to capture and secure revenue streams and take advantage o ...
Will ERIC Stock Benefit From 5G Deployment Across Vietnam?
ZACKS· 2024-10-01 17:25
Ericsson (ERIC) has inked an agreement with Viettel for an undisclosed amount to help create a robust digital infrastructure in Vietnam and provide superior 5G connectivity across the country. The deal strengthens the long-term business relationship between Ericsson and the state-owned telecommunications conglomerate and paves the way for developing an innovative 5G ecosystem in the Southeast Asian nation. Here's What the ERIC-Viettel Deal Brings to the Table Per the deal, the two firms will work in unison ...
Invitation to media and analyst briefing for Ericsson Q3 2024 report
Prnewswire· 2024-10-01 07:34
Report to be released at approximately 7:00 AM CEST on October 15, 2024 One live video webcast for analysts, investors, and journalists at 9:00 AM CEST STOCKHOLM, Oct. 1, 2024 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the third quarter 2024 will be published at approximately 7:00 AM CEST on October 15, 2024. The company will issue a press release with the complete financial report attached, including tables, in PDF format. Following publication of the press release, the financial report ...
Will ERIC Stock Gain From Partnership With Telenor Microfinance Bank?
ZACKS· 2024-09-30 16:26
Ericsson (ERIC) recently announced that it has collaborated with Telenor Microfinance Bank ("TMB") to upgrade the digital financial capabilities of easypaisa. Based in Pakistan, easypaisa is a subsidiary of TMB and one of the prominent digital service providers in the country, serving millions of users every day. Digital banking services are growing in prominence across industries, owing to several advantages offered compared with legacy banking system. 24/7 accessibility and remarkable flexibility enable u ...