Investing.com - LM Ericsson (BS:ERICAs) B ADR reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
LM Ericsson B ADR announced earnings per share of kr0.1998 on revenue of kr6.5B. Analysts polled by Investing.com anticipated EPS of kr0.173 on revenue of kr6.69B.
LM Ericsson B ADR shares are up 2.18% from the beginning of the year, still down 19.46% from its 52 week high of kr15.16 set on January 27. They are under-performing the Nasdaq which is up 16.55% from the start of the year.
LM Ericsson B ADR follows other major Technology sector earnings this month
LM Ericsson B ADR's report follows an earnings beat by Taiwan Semiconductor on Thursday, who reported EPS of kr1.07 on revenue of kr14.75B, compared to forecasts EPS of kr1.04 on revenue of kr14.81B.
Adobe had beat expectations on September 21 with third quarter EPS of kr3.11 on revenue of kr3.94B, compared to forecast for EPS of kr3.01 on revenue of kr3.89B.
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