Key Takeaways Ericsson on Tuesday reported first-quarter operating profit and earnings per share above forecasts as it took steps to offset falling sales. The Swedish telecom company posted a jump in gross margin from the year before. Ericsson's CEO predicted sales will stabilize in the second half of 2024. American depositary receipts (ADRs) of Ericsson (ERIC) rose Tuesday after the Swedish telecom company posted a much better-than-expected operating profit and predicted sales would be better in the second ...