Investing.com - LM Ericsson (BS:ERICAs) B ADR reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
LM Ericsson B ADR announced earnings per share of kr0.127 on revenue of kr6.34B. Analysts polled by Investing.com anticipated EPS of kr0.1282 on revenue of kr6.71B.
LM Ericsson B ADR shares are up 10.88% from the beginning of the year, still down 12.60% from its 52 week high of kr15.16 set on January 27. They are under-performing the Nasdaq which is up 12.84% 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 missed by Taiwan Semiconductor on Thursday, who reported EPS of kr0.929 on revenue of kr13.35B, compared to forecasts EPS of kr0.9316 on revenue of kr13.22B.
Adobe had beat expectations on June 17 with second quarter EPS of kr3.03 on revenue of kr3.84B, compared to forecast for EPS of kr2.81 on revenue of kr3.73B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar