Ericsson: Fourth Quarter Earnings Overview

Ericsson Surpasses Q4 Earnings Projections

Ericsson, headquartered in Stockholm, announced a net profit of $910.5 million for the fourth quarter.

The company reported earnings of 27 cents per share, outperforming the consensus forecast of 23 cents per share from analysts polled by Zacks Investment Research.

During the quarter, Ericsson generated $7.37 billion in revenue.

For the entire year, the telecommunications giant achieved a total profit of $2.91 billion, translating to 87 cents per share, with annual revenue reaching $24.19 billion.