Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) reported its Q3 earnings results on Thursday, October 20, 2022 at 02:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Telefonaktiebolaget L M missed estimated earnings by 6.25%, reporting an EPS of $0.15 versus an estimate of $0.16.
Revenue was down $51.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.02 which was followed by a 3.97% increase in the share price the next day.
Here’s a look at Telefonaktiebolaget L M’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.16 | 0.15 | 0.24 | 0.19 |
| EPS Actual | 0.14 | 0.10 | 0.36 | 0.21 |
| Revenue Estimate | 6.45B | 5.93B | 7.73B | 6.78B |
| Revenue Actual | 6.36B | 5.89B | 8.05B | 6.51B |
To track all earnings releases for Telefonaktiebolaget L M visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
