Investing.com - LM Ericsson (BS:ERICAs) B ADR reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
LM Ericsson B ADR announced earnings per share of kr0.08 on revenue of kr6.15B. Analysts polled by Investing.com anticipated EPS of kr0.06 on revenue of kr5.79B.
LM Ericsson B ADR shares are up 9.57% from the beginning of the year , still down 3.80% from its 52 week high of kr10.00 set on July 6. They are under-performing the Nasdaq which is up 16.73% 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 Friday, who reported EPS of kr0.78 on revenue of kr10.38B, compared to forecasts EPS of kr0.71 on revenue of kr10.34B.
Accenture had beat expectations on June 25 with third quarter EPS of kr1.9 on revenue of kr10.99B, compared to forecast for EPS of kr1.86 on revenue of kr10.72B.
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