Telefonaktiebolaget L M Ericsson Class B

ERIC B: XSTO (SWE)
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Ericsson Earnings: Currency Impacts Bite an Otherwise Strong Quarter

Ericsson reported mostly positive first-quarter results, with 6% organic sales growth offset by significant currency-related headwinds, resulting in a 10% decline in reported sales. The firm also announced its first share buyback program, allocating SEK 15 billion for use over the next 12 months.

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