0832 GMT - Ericsson full-year consensus EBIT estimates could decrease by a low- to mid-single digit percentage after second-quarter results, UBS analyst Francois-Xavier Bouvignies writes. Ericsson's revenues were 6% below consensus due mainly to a strong currency headwind. EBITA was 9% below consensus when excluding a one-off licensing payment, UBS says. The company said there remains increased uncertainty on the third-quarter outlook, both relating to further tariff changes and to broader economic conditions. Network sales are expected to be below 3-year average seasonality of 3% in the third quarter. Cloud software and services sales are expected to be similar to 3-year average seasonality of 1%. "We would expect third-quarter sales to be 5%-10% below consensus," UBS says. Shares fall 3.5%. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
July 15, 2025 04:32 ET (08:32 GMT)
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