Investing.com - LM Ericsson (BS:ERICAs) B ADR reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
LM Ericsson B ADR announced earnings per share of kr0.18 on revenue of kr6.57B. Analysts polled by Investing.com anticipated EPS of kr0.15 on revenue of kr6.42B.
LM Ericsson B ADR shares are up 26.77% from the beginning of the year, still down 8.02% from its 52 week high of kr12.10 set on August 27. They are under-performing the Nasdaq which is up 28.35% 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 matched by Taiwan Semiconductor on October 14, who reported EPS of kr0.92 on revenue of kr12.4B, compared to forecasts EPS of kr0.92 on revenue of kr12.4B.
Accenture had missed expectations on September 24 with fourth quarter EPS of kr1.7 on revenue of kr10.84B, compared to forecast for EPS of kr1.73 on revenue of kr10.93B.
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