The adjusted operating profit for the quarter at Ericsson, excluding restructuring costs, decreased from SEK 12.8 billion to SEK 9.3 billion ($902 million). According to Refinitiv, the average underlying earnings expectation for analysts was SEK 11.22 billion.
In contrast to expectations of 84.2 billion kronor, net sales increased by 21% to 86 billion kronor.
In addition to the 6 billion kroner in revenue from the resolution of its patent fight with Apple last month, Ericsson also incurred expenses of 4 billion kroner, including a contingency for a potential fine from American regulators and the sale of assets.
According to Ericsson, the next 18 to 24 months should see a considerable increase in patent revenue.
source: bloomberg.com
