ERIC Ericsson

Ericsson (ERIC): 1Q Earnings 
Due: April 22 at 0530 GMT 
DJ Survey of 7 Analysts 
Average Revenue: SEK50.80 billion, down 2.4% (SEK52.03 billion in 1Q 2013) 
Average Operating Profit: SEK3.42 billion (SEK2.11 billion in 1Q 2013) 
Average Net Profit: SEK2.38 billion (SEK1.21 billion in 1Q 2013) 
 

Note: Ericsson's revenue is seen slightly lower in the first quarter compared with the same period a year ago, weighed by markets such the U.S., Japan and South Korea, where operators have slowed down spending on new LTE networks. However, a more favorable business mix, with a smaller share of low-margin network roll-out projects, is widely expected to bump Ericsson's closely watched gross margin and boost profit. Ericsson doesn't provide investors with any firm guidance for future earnings, but any management comments about the company's growth prospects and its gross margin development will be in spotlight. (sven.grundberg@wsj.com)

 
Contact us in London: +44-20-7842-9464 
Markettalk.eu@dowjones.com 
 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires