|Bid||11.58 x 3200|
|Ask||11.59 x 27000|
|Day's range||11.54 - 11.64|
|52-week range||10.30 - 15.32|
|Beta (5Y monthly)||0.14|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.20 (1.57%)|
|Ex-dividend date||31 Mar 2021|
|1y target est||16.91|
Following a Swedish court's decision last month to uphold Swedish telecom regulator PTS's decision to ban Chinese vendor Huawei from selling its 5G equipment in Sweden, the threat of Ericsson's (NASDAQ: ERIC) business in China suffering negative consequences intensified and then it materialized. During the second quarter, the Swedish telecom specialist saw a significant drop in its sales in China. Overall, Ericsson had a good second quarter.
ERIC earnings call for the period ending June 30, 2021.
Shares of Ericsson (NASDAQ: ERIC) are tanking on Friday, down by 10% as of 11:40 a.m. EDT, after the company reported second-quarter earnings. The results came in below expectations, due in part to weakness in China. Revenue in the second quarter came in at 54.9 billion Swedish kronor ($632.7 million), which missed the consensus estimate of 57.6 billion SEK.