Ericsson (ERIC) reported mixed first-quarter 2024 results, wherein the bottom line surpassed the Zacks Consensus Estimate, but the top line missed the same. The company reported a revenue decline year over year, owing to sluggish demand in the Networks Segment. Sharp sales drop in the South East Asia and Oceania region and normalization of 5G investments in India affected the top line. Solid expansion in gross margin backed by strategic cost-saving measures, commercial discipline and a competitive portfolio ...