Ericsson Shares Surge on Earnings Beat Before Tariffs Bite
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Ericsson AB’s shares rose the most since October after first-quarter earnings beat analysts’ expectations as mobile operators ramped up spending on the Swedish telecom operator’s 5G equipment.
Adjusted earnings before interest and taxes were 6.21 billion Swedish kronor ($636 million) in the first quarter, the Stockholm-based company said in a statement on Tuesday. That compared to an average analyst estimate compiled by Bloomberg of 5 billion kronor. Adjusted gross margin also beat expectations, coming in at 48.5% for the quarter. Analysts had expected 45.9%.