Benzinga | Oct 21, 2020 07:11AM EDT

Recap: Ericsson Q3 Earnings

Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) moved higher by 8% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 205.26% year over year to $0.20, which beat the estimate of $0.16.

Revenue of $6,477,000,000 rose by 13.37% year over year, which beat the estimate of $6,440,000,000.

Guidance

Telefonaktiebolaget L M hasn't issued any earnings guidance for the time being.

Telefonaktiebolaget L M hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 21, 2020

Time: 03:00 AM

ET Webcast URL: https://www.ericsson.com/en/investors/events-and-presentations

Price Action

52-week high: $12.10

Company's 52-week low was at $6.15

Price action over last quarter: Up 4.49%

Company Profile

Ericsson is leading supplier within the telecommunications equipment sector. The company's three major operating segments are networks, digital services, and managed services. Ericsson sells hardware, software, and services primarily to communication service providers while licensing patents to handset manufacturers. The Stockholm, Sweden-based company derives sales worldwide and had 95,000 employees as of June.