Ericsson : Fine earnings - Is 5G capex taking off faster than expected? We prefer Nokia to Ericsson
>Q3 2019 results clearly better than expected - Ericsson posted better-than-expected Q3 2019 results, helped by a positive FX effect and solid 5G capex in the US and South Korea. Revenues came in at SEK 57.1bn, up 3% on cc, 1.7% better than the consensus (slower than the +7% achieved in Q2 and 7% also in Q1). The adjusted gross margin came to 37.8%, 70bp ahead of the consensus of 37.1% and the operating margin to 11.4%, better than 7% in Q2 and well ahead of expectati...Ericsson provides communications technology and services. Co.'s services, software and infrastructure – especially in mobility, broadband and the cloud – enable the telecom industry and other sectors to do business, increase efficiency, improve the user experience and capture new opportunities. Co. has more than 110,000 professionals and customers in more than 180 countries. Co. provides support for networks with more than 2.5 billion subscribers. Co.'s core business areas are called Radio, Core and Transmission and Telecom Services. Co. divides its operations into three business segments: Networks, Global Services and Support Solutions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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