Home Top Movers Telefonaktiebolaget LM Ericsson Inc. (ERIC) stock plunged during pre-market trading. Here’s to...

Telefonaktiebolaget LM Ericsson Inc. (ERIC) stock plunged during pre-market trading. Here’s to know why?

Telefonaktiebolaget LM Ericsson Inc. (NASDAQ: ERIC) stock gained by 0.15% at last close whereas the ERIC stock-price declines by 7.85% in the pre-market trading session. Telefonaktiebolaget LM Ericsson is a Stockholm-based global networking and telecommunications corporation. For telecoms service providers and companies, ERIC supplies infrastructure, software, and services in information and communications technology, including 3G, 4G, and 5G equipment, as well as Internet Protocol (IP) and optical transport systems.

>> 7 Top Picks for the Post-Pandemic Economy << 

Financial Highlights

Ericsson has released its second-quarter 2021 financial results. The highlights have been jotted down:


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


  • Despite a sales drop of SEK -2.5 billion year-over-year in Mainland China and an IPR revenue fall of SEK -0.5 billion YoY, group organic sales increased by 8% YoY. Sales were reported to be SEK 54.9 (55.6) b.
  • Excluding restructuring costs, gross margin increased to 43.4 percent (38.2 percent), owing mostly to operational leverage in Networks. Inventory write-downs and early 5G installations in Mainland China hurt Q2 2020 results. The gross margin was reported to be 43.4 percent (37.6 percent).
  • Networks drove an increase in EBIT excluding restructuring costs to SEK 5.8 billion (10.6 percent) YoY from SEK 4.5 billion (8.2 percent). SEK 5.8 (3.9) b was reported as EBIT.
  • Organic sales in Networks increased by 11% year over year, owing to increased market share. In Mainland China, sales were SEK -2.0 billion down year on year. EBIT margin was reported to be 21.7 percent (13.2 percent).
  • Despite a sales drop of SEK -0.5 billion in Mainland China, organic sales in Digital Services were constant year on year. The reported EBIT (loss) was SEK -1.6 (-0.7) billion, affected by a SEK -0.3 billion write-down for pre-commercial product expenditures in China.
  • The RAN market prognosis for 2021 has been revised to a 10% YoY growth rate, up from a previous forecast of 3%.

Read More

Börje Ekholm, President and CEO of Ericsson stated,

The latest IPR deal with Samsung underlines the tremendous value of their patent portfolio, and they are well positioned to complete pending and upcoming patent license upgrades with this deal in place. In July, another agreement was struck. Renewal discussions are now at a high level of activity. Revenues will include retroactive payments for the unlicensed period previous to signing when new contracts are completed.

While many markets are returning to normal following the COVID-19 epidemic, they continue to witness an increase in the number of cases in Southeast Asia, which might impede the recovery of affected nations.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Onesmart International Education Group Ltd. (ONE) stock surges during current market. What’s driving it high?

Onesmart International Education Group Ltd. (NASDAQ: ONE) stock gains by 111.86% in the current market trading session. OneSmart International Education is a major Chinese...

LivePerson Inc. (LPSN) stock plunge during pre-market. What’s driving it low?

LivePerson Inc. (NASDAQ: LPSN) stock gained by 0.86% at last close whereas the LPSN stock declines by 9.39% in the pre-market trading session. Through...

The Clorox Company Ltd. (CLX) stock decline during pre-market. Here’s the recent update

The Clorox Company Ltd. (NASDAQ: CLX) stock gained by 0.17% at last close whereas the CLX stock price fell by 11.59% in the pre-market....

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Why did The9 Limited (NCTY) stock turnaround in the after-hours on Friday?

The9 Limited (NCTY) shares gained 6.87% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $11.98 per share. in the...

Why did Scopus BioPharma Inc. (SCPS) stock couldn’t keep its positivity in the after-hours on Wednesday?

Scopus BioPharma Inc. (SCPS) shares plunged 8.40% in after-hours on Wednesday, August 04, 2021, and closed the daily trading at $5.56 per share. earlier...

Why did Etsy Inc. (ETSY) shares decline in the after-markets on Wednesday?

Etsy Inc. (ETSY) shares declined 13.81% in after-hours on Wednesday, August 04, 2021, and closed the daily trading at $174.20 per share. In the...

Here is why MicroVision Inc. (MVIS) stock surged in the after-hours on Wednesday?

MicroVision Inc. (MVIS) shares surged 14.98% in after-hours on Wednesday, August 04, 2021, and closed the daily trading at $14.05 per share. In the...

Related News

Why did Scopus BioPharma Inc. (SCPS) stock couldn’t keep its positivity in the after-hours on Wednesday?

Scopus BioPharma Inc. (SCPS) shares plunged 8.40% in after-hours on Wednesday, August 04, 2021, and closed the daily trading at $5.56 per share. earlier...

Why did Etsy Inc. (ETSY) shares decline in the after-markets on Wednesday?

Etsy Inc. (ETSY) shares declined 13.81% in after-hours on Wednesday, August 04, 2021, and closed the daily trading at $174.20 per share. In the...

Here is why MicroVision Inc. (MVIS) stock surged in the after-hours on Wednesday?

MicroVision Inc. (MVIS) shares surged 14.98% in after-hours on Wednesday, August 04, 2021, and closed the daily trading at $14.05 per share. In the...

Here is why Activision Blizzard Inc. (ATVI) stock turnaround in the after-hours on Tuesday?

Activision Blizzard Inc. (ATVI) shares gained 6.10% in after-hours on Tuesday, August 03, 2021, and closed the daily trading at $84.70 per share. Earlier...

Lixte Biotechnology Holdings Inc. (LIXT) stock surge during current market. Here’s the recent news

Lixte Biotechnology Holdings Inc. (NASDAQ: LIXT) stock gains by 32.32% in the current market trading session. Lixte Biotechnology Holdings is a clinical-stage pharmaceutical business...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam