STOCKHOLM, April 28 (Reuters) - Swedish telecoms group LM Ericsson AB smashed market forecasts on Friday as first quarter headline earnings rocketed, paving the way for a
surge in its share price at the market open.
Trouncing arch-rival Nokia's 76 percent earnings leap on Thursday, the world's number three mobile phone maker said
first-quarter pre-tax profits jumped 366 percent to 6.1 billion Swedish crowns ($681 million).
The telecoms equipment maker's results completely eclipsed all market expectations. Analysts polled by Reuters expected
pretax profits of just 4.4 billion crowns...
I dav to vee very very pleased vhen vooking dat da numbers dhere, uh... da numbers, deer, I dav vooked dat dhem, deer, dhey dar very very vood deer... ve dar, all ov us deer, da very happy with da numbers, deer... Ve make a very very vood profit, uh. A real record, uh.... |
