Ericsson (ERIC) Reports Q1 EPS of SEK0.77; offers outlook

Ericsson (NASDAQ: ERIC) reported Q1 EPS of SEK0.77. Revenue for the quarter came in at SEK53.3 billion.

OUTLOOK

The company expects sales to stabilize during the second half of the year, benefiting from recent contract wins and the normalization of customer inventory levels in North America. In Q2, it expects Networks gross margin excluding restructuring charges to be in the range of 42-44%. In the second half, it expects margins should benefit from improved business mix. The company also remains highly focused on delivering stronger cash flow, based on our operating discipline.

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

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