Why Telefonaktiebolaget LM Ericsson Stock Plunged Today
Shares of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) fell 16.7% on Tuesday, after the networking and telecommunications equipment company announced disappointing second-quarter results.
Adjusted quarterly revenue declined 8% year over year to 49.9 billion Swedish kronor and declined 13% adjusted for comparable units and foreign currency exchange. That translated to a net loss of $1 billion kronor (or roughly $120 million), or roughly 0.30 krona per diluted share. On an adjusted basis, Ericsson generated net income of 0.17 krona per share, or roughly $0.02, falling well short of Wall Street's consensus estimates for an adjusted profit of $0.05 per share.
IMAGE SOURCE: ERICSSON.
Source: Fool.com
Telefonaktiebolaget LM Ericsson B ADR Aktie
6,85 €
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Mit 3 Buy-Einschätzungen und 2 Sell-Einschätzungen hat die Community keine klare Richtung bezüglich der Telefonaktiebolaget LM Ericsson B ADR Aktie.
Das Community-Kursziel von 7 € für Telefonaktiebolaget LM Ericsson B ADR deutet auf ein leicht positives Wachstumspotenzial gegenüber 6.85 € hin.
