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DANMARKS STØRSTE INVESTORSITE MED DEBAT, CHAT OG NYHEDER

Ericsson Seen Outperforming Today After Earnings Beat, Market Share Gains

19/10 07:52


  • (PLX AI) – Ericsson is expected to outperform the market today, analysts said, after the company beat earnings expectations in the third quarter and continued to take market share outside China.
  • • Ericsson Q3 adjusted EBIT SEK 8,800 million vs. estimate SEK 7,510 million, a beat of 18%
  • • Market share losses in China were expected, but the company continued to gain market share elsewhere
  • • The conference call at 9:00 may focus on possible component availability issues ahead, SEB said, after the company said "some impact was seen from disturbances in the supply chain"
  • • Ericsson posted very strong gross margins and good cost control, Carnegie said
  • • NOTE: the Nov. 9 Capital Markets Day was postponed to next year