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LM Ericsson B ADR Earnings, Revenue Beat in Q1

Published 04/21/2021, 06:21 AM
Updated 04/21/2021, 06:21 AM

Investing.com - LM Ericsson (BS:ERICAs) B ADR reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

LM Ericsson B ADR announced earnings per share of kr0.96 on revenue of kr49.8B. Analysts polled by Investing.com anticipated EPS of kr0.1077 on revenue of kr6.21B.

LM Ericsson B ADR shares are up 13.31% from the beginning of the year, still down 10.69% from its 52 week high of kr15.16 set on January 27. They are outperforming the Nasdaq which is up 6.97% 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 April 15, who reported EPS of kr0.9497 on revenue of kr12.77B, compared to forecasts EPS of kr0.9247 on revenue of kr12.78B.

Adobe had beat expectations on March 23 with first quarter EPS of kr3.14 on revenue of kr3.91B, compared to forecast for EPS of kr2.79 on revenue of kr3.75B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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