Ericsson has released a good quality publication and held a reassuring strategic presentation in the wake of it. Overall, the 5G momentum is accelerating faster than previously anticipated and the impact of newly-established contracts are turning out to be well manageable for the company’s profitability. This has led to upward pressure on the 2020 guidance ahead of 5G large scale deployment in China, as well as in the rest of the world.
17 Oct 2019
Q3: Estimate beaten and guidance lift on good 5G momentum
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Q3: Estimate beaten and guidance lift on good 5G momentum
Telefonaktiebolaget LM Ericsson Class B (ERIBR:HEL) | 0 0 0.2% | Mkt Cap: 179,329m
- Published:
17 Oct 2019 -
Author:
Hugo Paternoster -
Pages:
3
Ericsson has released a good quality publication and held a reassuring strategic presentation in the wake of it. Overall, the 5G momentum is accelerating faster than previously anticipated and the impact of newly-established contracts are turning out to be well manageable for the company’s profitability. This has led to upward pressure on the 2020 guidance ahead of 5G large scale deployment in China, as well as in the rest of the world.