Ericsson (ERIC) closed the newest buying and selling day at $9, shifting -0.44% from the earlier bu
Ericsson (ERIC) closed the newest buying and selling day at $9, shifting -0.44% from the earlier buying and selling session. This modification was narrower than the S&P 500’s 0.86% loss on the day. In the meantime, the Dow misplaced 0.96%, and the Nasdaq, a tech-heavy index, misplaced 1.13%.
Coming into as we speak, shares of the telecommunications tools supplier had gained 3.67% up to now month. In that very same time, the Laptop and Expertise sector gained 4.5%, whereas the S&P 500 gained 3.66%.
Buyers shall be hoping for energy from ERIC because it approaches its subsequent earnings launch. On that day, ERIC is projected to report earnings of $0.16 per share, which might symbolize year-over-year progress of 277.78%. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $6.95 billion, down 1.41% from the year-ago interval.
Wanting on the full yr, our Zacks Consensus Estimates recommend analysts expect earnings of $0.44 per share and income of $23.34 billion. These totals would mark modifications of +1366.67% and -5.04%, respectively, from final yr.
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