Investing.com - LM Ericsson (BS:ERICAs) B ADR reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
LM Ericsson B ADR announced earnings per share of kr0.3252 on revenue of kr7.68B. Analysts polled by Investing.com anticipated EPS of kr0.2292 on revenue of kr7.66B.
LM Ericsson B ADR shares are up 0.28% from the beginning of the year and are trading at kr10.90 , down-from-52-week-high.They are outperforming the Nasdaq which is down 11.44% from the start of the year.
LM Ericsson B ADR follows other major Information Technology sector earnings this month
LM Ericsson B ADR's report follows an earnings beat by Taiwan Semiconductor on Thursday, January 13, 2022, who reported EPS of kr1.16 on revenue of kr15.85B, compared to forecasts EPS of kr1.12 on revenue of kr15.69B.
ASML ADR had beat expectations on Wednesday, January 19, 2022 with fourth quarter EPS of kr4.98 on revenue of kr5.66B, compared to forecast for EPS of kr4.25 on revenue of kr5.85B.
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