Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) has set the date for the release of its third quarter financial results on Tuesday 15th October 2024, before market open. Investors and analysts will have a chance to analyze the company's performance during the quarter.
As per the predictions of financial analysts on Wall Street, the firm is set to report an estimated per share $0.09 profit for the third quarter. Additionally, the company is projected to unveil a revenue of $5.72 billion for the period.
When examining the earnings report from the corresponding quarter of the previous year, it is evident that the company showcased per-share income of $0.07. This numbers can be credited to the company's total revenue, which amounted to an impressive $5.96 billion during the same quarter.
Wall Street analysts have revealed their projections for the company's yearly performance, with a total revenue of $23.59 billion. Furthermore, they expect the business to achieve profit of $0.42 per share during the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.01 | -85.7% | 5.60 B | -8.6% |
| Q1 2024 | $0.07 | -12.5% | 5.13 B | -14.3% |
| Q4 2023 | $0.10 | -50.0% | 6.75 B | -16.5% |
| Q3 2023 | $0.07 | -56.3% | 5.96 B | -7.7% |
| Q2 2023 | $0.07 | -50.0% | 6.13 B | -3.7% |
| *Growth on year-over-year basis | ||||
Additionally, The company will host a conference call with investors and analysts on 15th October 2024 at 03:00 AM eastern time to review the Q3 2024 financial results.
Telefonaktiebolaget LM Ericsson (ERIC) closed Friday's regular trading session at $7.51, reflecting a 0.81 percent advance. During the day, ERIC shares traded between $7.47 and $7.56, with a day volume of 6.19 million shares.