Ericsson (ERIC) Reports Lower Q4 EPS of SEK1.71

Ericsson (NASDAQ: ERIC) reported Q4 EPS of SEK1.71, versus SEK2.42 reported last year. Revenue for the quarter came in at SEK68 billion, versus SEK67 billion reported last year.

Q4 Commentary:

• The sales growth YoY was mainly driven by the Middle East, Europe and Asia, offset by sales decline in North America.
• Gross margin increased YoY to 36.6% with improved margins across all segments despite normal high share of project completions in the quarter.
• Operating income improved to SEK 6.3 b. driven primarily by higher software sales and efficiency enhancements. Increased operating expenses, and losses related to currency hedge contracts, impacted operating income negatively.

For earnings history and earnings-related data on Ericsson (ERIC) click here.

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