Ericsson Q3 Earnings: Gains From AT&T Boost, CEO Signals North American Recovery
Ericsson Q3 Earnings: Gains From AT&T Boost, CEO Signals North American Recovery
Ericsson (NASDAQ:ERIC) reported third-quarter fiscal 2024 results.
瑞典愛立信（NASDAQ: ERIC）報告了2024財年第三季度的業績。
Sales declined 4% year-over-year to 61.8 billion Swedish Krona, driven by strong growth in the North American market. In USD, sales of $5.93 billion beat the analyst consensus estimate of $5.72 billion.
銷售額同比下降4%，至618億瑞典克朗，主要受北美市場強勁增長推動。以美元計算，銷售額爲59.3億美元，超過分析師共識預期的57.2億美元。
Group organic sales declined by 1% Y/Y.
集團有機銷售同比下降1%。
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另請閱讀：騰訊與英偉達、愛立信和諾基亞合作，開創人工智能驅動的移動網絡。
Ericsson's partnership with AT&T Inc boosted the telecom equipment company's quarterly print. AT&T inked a five-year $14 billion deal with Ericsson to lead the US in commercial-scale open radio access network (Open RAN) deployment.
愛立信與AT&T公司的合作推動了這家電信設備公司季度業績表現。AT&T公司與愛立信簽署了一項爲期五年的140億美元交易，旨在領導美國商業規模的開放式無線電訪問網絡（Open RAN）部署。
Under the deal, Ericsson will leverage its USA 5G Smart Factory in Lewisville, Texas, to manufacture 5G equipment. AT&T is committed to building a telecom network that leverages ORAN technology.
根據協議，愛立信將利用其位於德克薩斯州劉易斯維爾的美國5G智能工廠，製造5G設備。AT&T致力於構建利用ORAN技術的電信網絡。
Adjusted gross margin improved to 46.3% from 39.2% Y/Y, driven primarily by improved gross margin in Networks.
調整後的毛利率從去年同期的39.2%提高到46.3%，主要是由於網絡業務的毛利率改善。
Adjusted EBIT margin was 11.9% versus (43.5)% Y/Y due to a non-cash impairment loss relating to the Vonage acquisition. Adjusted EBITA margin improved to 12.6% from 7.3% a year ago.
由於與Vonage收購有關的非現金減值損失，調整後的EBIt毛利率爲11.9%，同比改善了43.5%。調整後的EBITA毛利率從一年前的7.3%提高至12.6%。
Ericsson reported an EPS of SEK 1.14 versus SEK (9.21) Y/Y. In USD, EPS of $0.11 beat the analyst consensus estimate of $0.09.
愛立信報告的每股收益爲SEk 1.14，同比改善了SEk (9.21)。按美元計算，每股收益爲0.11美元，超過分析師對0.09美元的共識預期。
Free cash flow before M&A was SEK 12.94 billion in the quarter, benefiting from the operational improvements.
併購前的自由現金流在本季度達到了129.4億瑞典克朗，得益於運營改善。
As of September 30, 2024, net cash stood at SEK 25.53 billion.
截至2024年9月30日，淨現金達到了255.3億瑞典克朗。
CEO Börje Ekholm noted signs of the overall market stabilizing, with North America, as an early adopter market, returning to growth. He expects Networks sales to stabilize Y/Y during the fourth quarter, driven by North America. He also flagged further near-term sales pressure in Enterprise due to its focus on profitable segments.
首席執行官Börje Ekholm指出整體市場出現穩定跡象，作爲早期採用市場的北美市場開始恢復增長。他預計網絡銷售在第四季度將同比穩定，受北美市場推動。他還提到由於重點放在盈利領域，企業部門在短期內面臨更多銷售壓力。
The weakness in demand from North American mobile operators in the last two years affected Ericsson and its peers, prompting them to shift focus to developing markets like India, often compromising their profits.
過去兩年來，北美移動運營商需求疲軟影響了愛立信及其同行，促使它們轉向印度等新興市場，經常犧牲利潤。
Outlook: Ericsson expects a fourth-quarter adjusted gross margin of 47%-49% and restructuring charges of SEK 4.0 billion in 2024.
展望：愛立信預計第四季度調整後的毛利率爲47%-49%，並計劃在2024年進行40億瑞典克朗的重組費用。
Ericsson stock gained over 58% in the last 12 months. Investors can gain exposure to the stock through First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV) and iShares US Digital Infrastructure and Real Estate ETF (NYSE:IDGT).
過去12個月，愛立信股價上漲超過58%。投資者可以通過First Trust納斯達克科技股息指數基金（納斯達克:TDIV）和iShares美國數字基礎設施和房地產ETF（紐交所:IDGT）獲得該股票曝光度。
Price Action: ERIC stock traded higher by 9.68% at $8.27 premarket at the last check Tuesday.
價格走勢：週二最後一次檢查時，愛立信股價盤前上漲9.68%，報8.27美元。
Photo by Mats Wiklund via Shutterstock
通過Shutterstock的Mats Wiklund拍攝的照片
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譯文內容由第三人軟體翻譯。
