Reported 1 day ago
Ericsson reported a significant 44% increase in core earnings for the first quarter, driven by a surge in North American sales as telecom clients rushed to order equipment before expected U.S. tariffs take effect. Despite overall net sales growing 3% to 55 billion crowns, it fell short of analyst expectations. The company's strong performance in North America, accounting for 29% of revenue, offset declines in other regions, although concerns remain about potential impacts of tariffs on future orders.
Source: YAHOO