Ericsson beats quarterly core profit estimates despite sales slip
Home » Ericsson beats quarterly core profit estimates despite sales slip

Ericsson beats quarterly core profit estimates despite sales slip

by Inkhabar webdesk
Ericsson beats quarterly core profit estimates despite sales slip

(Reuters) -Swedish telecoms gear maker Ericsson reported a rise in quarterly core earnings that beat expectations on Tuesday, as operational improvements drove gross margins to sustainable levels despite a decline in sales. Adjusted earnings before interest and taxes (EBIT) excluding restructuring charges were 15.4 billion Swedish crowns ($1.62 billion) in the quarter ended in September. That was 9.2% higher than the 14.1 billion crowns forecast in an Infront consensus poll of analysts provided by the company. ($1 = 9.4988 Swedish crowns) (Reporting by Gianluca Lo Nostro and Agnieszka Olenska; Editing by Matt Scuffham)

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