Ericsson's core earnings rise in 1st quarter as Trump's tariffs loom large
ReutersApr 15, 2025 5:07 AM
April 15 (Reuters) - Ericsson ERICb.ST reported better than expected first-quarter core earnings on Tuesday, helped by a higher gross income, as the telecoms equipment maker braces for the impact of tariffs from the United States, its biggest market.
Adjusted core earnings excluding restructuring charges rose 44% year-on-year to 6.2 billion Swedish crowns ($636 million), exceeding the average estimate of 4.44 billion crowns in an LSEG poll of analysts.
($1 = 9.7479 Swedish crowns)
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