Shares of LM Ericsson were losing around 8 percent in Sweden as well as in the pre-market activity on the Nasdaq, after the Swedish telecom major reported Tuesday lower second-quarter profit and sales, mainly due to weak Networks and Enterprise performance. Further, the firm warned on some pressure on Networks adjusted gross margin in the third quarter due to higher volumes of network rollout proj
Swedish telecom major LM Ericsson (ERIC) reported Tuesday lower profit in its second quarter with weak net sales. Looking ahead, the company said it enters the next phase from a position of strength. The company expects some pressure on Networks adjusted gross margin in the third quarter due to...
Telefonaktiebolaget LM Ericsson, or Ericsson (ERIC, ERICb.ST, ERIC_A.ST, ERCB.DE, ERIBR.HE) Tuesday said that its Board of Directors has appointed Per Narvinger as the next President and Chief Executive Officer or CEO, following the current CEO Börje Ekholm's decision to step down from the role. The...
Ericsson (ERIC) announces the decision to relocate its Stockholm operations, including its headquarters, from Kista to Hagastaden on the northern city boundary. The Kista operations include R&D, business areas, group functions and the Imagine Studio. The process of moving employees in Kista is estimated...
Telefonaktiebolaget LM Ericsson (ERIC, ERICb.ST, ERIC_A.ST, ERCB.DE, ERIBR.HE), a provider of mobile connectivity solutions, announced that it's Board authorised to repurchase Ordinary Class B shares on Nasdaq Stockholm under a new program. The buyback is capped at SEK 15 billion. According to Ericsson,...
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.