The investigation focuses on Ericsson investors' losses after Q2 2026 results missed Wall Street estimates and ERIC shares fell more than 13% by midday. NEW YORK, July 15, 2026 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) investors saw shares drop more than 13% on July 14, 2026, after Q2 2026 results missed Wall Street revenue and adjusted EPS estimates.

prnewswire.com - 2026-07-15 15:02:00

ERIC Q2 earnings meet estimates but revenues miss as lower IPR licensing sales hurt the results despite stronger margins in key businesses.

zacks.com - 2026-07-14 10:35:15

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Q2 2026 Earnings Call Transcript

seekingalpha.com - 2026-07-14 09:19:06

HOLMDEL, N.J.--(BUSINESS WIRE)--Vonage, part of Ericsson (NASDAQ: ERIC), today announced it has been named a winner at the Merit Awards for Business. The company was recognized in the Business Technology category for its Vonage Identity Insights API, a solution that harnesses real-time mobile network intelligence to help enterprises detect fraud signals, support compliance requirements, and deliver seamless customer experiences. As digital fraud continues to escalate, businesses face mounting p.

businesswire.com - 2026-07-14 08:30:00

U.S. stock futures were mixed this morning, with the Nasdaq 100 futures gaining around 100 points on Tuesday.

benzinga.com - 2026-07-14 08:03:08

Telefonaktiebolaget LM Ericsson (publ) delivered a mixed quarter, with adjusted EBITA slightly above consensus but revenues and free cash flow missing expectations. Networks' Q3 gross margin guidance of 48–50% signals sequential margin pressure, raising concerns about future profitability and earnings stability. Cloud Software & Services achieved a record 12.4% adjusted EBITA margin, offering some diversification but not offsetting Networks' margin risks.

seekingalpha.com - 2026-07-14 08:00:49

Ericsson shares on Tuesday saw their worst reaction to earnings in nearly three years after the telecom-equipment maker revealed that rising component costs were eating away at margins — likely the huge surge in memory-chip prices.

marketwatch.com - 2026-07-14 06:19:00

Ericsson NASDAQ: ERIC reported a modest organic sales decline for the second quarter of 2026 while maintaining strong margins, as management highlighted disciplined execution, ongoing cost controls and a leadership transition that will see Per Narvinger take over as chief executive in October.

marketbeat.com - 2026-07-14 05:03:48

The company expects profitability in its networks business to fall slightly next quarter after reporting a sales drop in North America.

wsj.com - 2026-07-14 01:43:00

/PRNewswire/ -- Strategic highlights - disciplined execution and margin resilience Adjusted gross margin of 48.4%, supported by solid operational execution and

prnewswire.com - 2026-07-14 01:37:00

HOLMDEL, N.J.--(BUSINESS WIRE)--Vonage, part of Ericsson (NASDAQ: ERIC), today announced the launch of Vonage Protection Suite for Okta for advanced multi-factor authentication (MFA). The pre-built, self-service connector offers Okta's enterprise customers the ability to send one-time passwords (OTPs) with integrated advanced fraud protection powered by the mobile network, with the Vonage Verify Network API. The connector for SMS and Voice authentication enables Okta's enterprise customers to m.

businesswire.com - 2026-07-08 08:30:00

/PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the second quarter 2026 will be published at approximately 7:00 AM CEST on July 14, 2026. The

prnewswire.com - 2026-07-02 02:28:00

Report to be released at approximately 7:00 AM CEST on July 14, 2026 One live video webcast for analysts, investors and journalists at 9:00 AM CEST STOCKHOLM, July 2, 2026 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the second quarter 2026 will be published at approximately 7:00 AM CEST on July 14, 2026. The company will issue a press release with the complete financial report attached, including tables, in PDF format.

prnewswire.com - 2026-07-02 02:26:00

HOLMDEL, N.J.--(BUSINESS WIRE)--Vonage, a part of Ericsson (NASDAQ: ERIC), today announced the commercial launch of its network-powered solutions for fraud prevention in Canada, offering developers and enterprises advanced fraud prevention capabilities across the nation's largest carrier networks. These capabilities are made possible through Vonage's network APIs, connecting to Canadian carriers, via Aduna's integration with EnStream, a joint venture of Bell, Rogers and TELUS – Canada's trusted.

businesswire.com - 2026-06-30 08:30:00

The No Surprises Act was created to protect patients from unexpected medical bills. While those patient protections are working, new research from the Elevance

gurufocus.com - 2026-06-25 10:00:00

STOCKHOLM, June 22, 2026 /PRNewswire/ -- During the period June 15 - June 19, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume (number of shares) Weighted average share price per day (SEK) Total daily transaction value (SEK) 15/06/2026 859,742 116.0203 99,747,524.76 16/06/2026 2,110,421 112.3587 237,124,160.01 17/06/2026 1,064,259 110.5458 117,649,362.56 18/06/2026 771,356 110.0967 84,923,750.13 19/06/2026 - - - Total 4,805,778 112.2492 539,444,797.46   The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026 and which runs between April 23, 2026 and March 31, 2027, at the latest. The Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares, other than those used to fulfil Ericsson's obligations under its share-related incentive programs, are cancelled.

prnewswire.com - 2026-06-22 03:03:00

Effective as of October 1, 2026 Becomes member of Ericsson's Executive Team, reporting to the CEO STOCKHOLM, June 18, 2026 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces the appointment of David Hammarwall as its new Head of Business Area Networks and Senior Vice President. Hammarwall who is currently Ericsson's Head of Customer Unit T-Mobile in Market Area Americas, will succeed Per Narvinger who has been appointed President and CEO of Ericsson.

prnewswire.com - 2026-06-18 03:14:00

Per Narvinger, currently Executive Vice President and Head of Business Area Networks, to become President and Chief Executive Officer of Ericsson Börje Ekholm to step down on September 30, 2026, and act as executive advisor to the new CEO until June 15, 2027 The Board of Directors has executed a well prepared and orderly CEO succession as part of the Company's ongoing leadership and governance planning STOCKHOLM, June 16, 2026 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces that Per Narvinger has been appointed President and CEO by the Board of Directors as Börje Ekholm has decided to step down as CEO of Ericsson. Per Narvinger joined Ericsson in 1997 and has broad experience from different areas of the telecoms and ICT industry, including research and standardization, development, product management, and sales.

prnewswire.com - 2026-06-16 07:13:00

The telecommunications-equipment manufacturer said Borje Ekholm had decided to step down after more than nine years at the helm.

wsj.com - 2026-06-16 07:02:00

162 million 5G subscriptions added during the first quarter of 2026, bringing the total to 3.1 billion The number of commercial differentiated connectivity service offerings based on 5G SA network slicing from CSPs continues to grow globally Uplink traffic growing faster than downlink for many service providers - in some instances, significantly faster STOCKHOLM, June 16, 2026 /PRNewswire/ -- Global 5G mobile subscriptions passed the three billion mark during the first quarter of 2026; 5G Standalone (SA) network slicing commercial offerings from communications service providers continue to grow significantly; while uplink mobile data traffic growth is already outpacing downlink for many service providers. All this and more features are included in the June 2026 edition of the Ericsson (NASDAQ: ERIC) Mobility Report (EMR).

prnewswire.com - 2026-06-16 02:49:00

STOCKHOLM, June 15, 2026 /PRNewswire/ -- During the period June 8 - June 12, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume(number of shares) Weighted average shareprice per day (SEK) Total daily transactionvalue (SEK) 08/06/2026 400,000 119.0155 47,606,200.00 09/06/2026 600,000 114.7100 68,826,000.00 10/06/2026 600,000 111.8550 67,113,000.00 11/06/2026 600,000 112.9224 67,753,440.00 12/06/2026 500,000 115.1731 57,586,550.00 Total 2,700,000 114.4019 308,885,190.00 The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026, and which runs between April 23, 2026, and March 31, 2027, at the latest. The Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares, other than those used to fulfil Ericsson's obligations under its share-related incentive programs, are cancelled.

prnewswire.com - 2026-06-15 02:52:00

NEW YORK--(BUSINESS WIRE)-- #CRE--Cushman & Wakefield (NYSE: CWK) has advised Ericsson (NASDAQ: ERIC), the communications and network solutions provider, in securing the site for a new 1 million-square-foot headquarters in Stockholm – the largest office transaction to date in Sweden and one of the largest in Europe. Ericsson, a longstanding occupier client of Cushman & Wakefield, will relocate its headquarters from Stockholm's Kista district to Hagastaden, a major urban development area in the.

businesswire.com - 2026-06-12 08:00:00

ANET and NOK are pursuing AI networking opportunities, but their growth drivers, market exposure and financial profiles differ.

zacks.com - 2026-06-09 11:46:05

STOCKHOLM, June 8, 2026 /PRNewswire/ -- During the period June 1 - June 5, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume (number of shares) Weighted average share price per day (SEK) Total daily transaction value (SEK) 01/06/2026 500,000 122.4013 61,200,650.00 02/06/2026 500,000 125.9387 62,969,350.00 03/06/2026 500,000 127.2936 63,646,800.00 04/06/2026 125,000 123.2703 15,408,787.50 05/06/2026 400,000 122.5939 49,037,560.00 Total 2,025,000 124.5744 252,263,147.50 The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026, and which runs between April 23, 2026, and March 31, 2027, at the latest. The Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares, other than those used to fulfil Ericsson's obligations under its share-related incentive programs, are cancelled.

prnewswire.com - 2026-06-08 02:56:00

[url="]Vonage[/url], part of Ericsson (NASDAQ: ERIC), today announced the launch of vertical-specific AI intelligence in the contact center. Through strategic

gurufocus.com - 2026-06-03 04:00:00

HOLMDEL, N.J.--(BUSINESS WIRE)--Vonage, part of Ericsson (NASDAQ: ERIC), today announced the launch of vertical-specific AI intelligence in the contact center. Through strategic partnerships with agentic AI solution providers Avaamo for Healthcare and Syndeo for Financial Services and Retail, Vonage is embedding vertical-trained AI agents directly inside Vonage Contact Center (VCC). These integrations combine Vonage's award-winning contact center platform with advanced AI agents to deliver seam.

businesswire.com - 2026-06-03 03:31:00

On June 02, 2026, Telefonaktiebolaget L M Ericsson (ERIC) shares rose 3.2% today, closing at $13.74. The stock has seen a significant price increase over recent

gurufocus.com - 2026-06-02 18:20:00

STOCKHOLM, June 1, 2026 /PRNewswire/ -- During the period May 25 - May 29, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume (number of shares) Weighted average share price per day (SEK) Total daily transaction value (SEK) 25/05/2026 100,000 125.9244 12,592,440.00 26/05/2026 100,000 126.4263 12,642,630.00 27/05/2026 100,000 122.9061 12,290,610.00 28/05/2026 125,000 119.4022 14,925,275.00 29/05/2026 160,379 118.6136 19,023,130.55 Total 585,379 122.0988 71,474,085.55 The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026 and which runs between April 23, 2026 and March 31, 2027, at the latest. The Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares, other than those used to fulfil Ericsson's obligations under its share-related incentive programs, are cancelled.

prnewswire.com - 2026-06-01 03:10:00

/PRNewswire/ -- Ericsson's (NASDAQ: ERIC) Nomination Committee for the Annual General Meeting 2027 has been appointed in accordance with the Instruction for

prnewswire.com - 2026-05-29 03:16:00

STOCKHOLM, May 29, 2026 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) Nomination Committee for the Annual General Meeting 2027 has been appointed in accordance with the Instruction for the Nomination Committee resolved by the Annual General Meeting 2012. The Nomination Committee consists of: Johan Forssell, Investor AB; Helena Stjernholm, AB Industrivärden; Katarina Romberg, AMF Tjänstepension & AMF Fonder; Mathias Collén, Afa Försäkring; and Jan Carlson, the Chair of the Board of Directors.

prnewswire.com - 2026-05-29 03:07:00

On May 27, 2026, Telefonaktiebolaget L M Ericsson (ERIC) shares fell 5.0%, closing at $13.04. The stock has shown considerable price volatility over the last ye

gurufocus.com - 2026-05-27 17:48:00

ERIC and the Canadian Government unveil AWIN, a secure 5G testbed to strengthen defense, public safety and emergency response nationwide.

zacks.com - 2026-05-27 12:11:18

[url="]Vonage[/url], a part of Ericsson (NASDAQ: ERIC), today announced it has been ranked #1 for Video in the 2026 Gartner Critical Capabilities for Communi

gurufocus.com - 2026-05-27 11:00:00

HOLMDEL, N.J.--(BUSINESS WIRE)--Vonage, a part of Ericsson (NASDAQ: ERIC), today announced it has been ranked #1 for Video in the 2026 Gartner® Critical Capabilities for Communications Platform as a Service (CPaaS), and named a Leader in the 2026 Gartner® CPaaS. Positioned in the Leaders Quadrant for both Ability to Execute and Completeness of Vision, this marks the fourth time Vonage has been recognized in this report. Vonage sees this recognition as a testament to our deep security and fraud.

businesswire.com - 2026-05-27 10:30:00

/PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces the decision to relocate its Stockholm operations, including its headquarters, from Kista to Hagastaden

prnewswire.com - 2026-05-25 04:00:00

Additional leases for properties in the area have been signed in addition to the one previously communicated Process of moving Stockholm operations estimated to start 2028 and last several years STOCKHOLM, May 25, 2026 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces the decision to relocate its Stockholm operations, including its headquarters, from Kista to Hagastaden on the northern city boundary. The move will create modern and attractive office space designed to encourage collaboration and to compete for future talent.

prnewswire.com - 2026-05-25 03:57:00

STOCKHOLM, May 25, 2026 /PRNewswire/ -- During the period May 18 - May 22, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume(number of shares) Weighted average shareprice per day (SEK) Total daily transactionvalue (SEK) 18/05/2026 123,000 119.9898 14,758,745.40 19/05/2026 500,000 119.3872 59,693,600.00 20/05/2026 700,000 120.9759 84,683,130.00 21/05/2026 600,000 121.5001 72,900,060.00 22/05/2026 600,000 125.9867 75,592,020.00 Total 2,523,000 121.9293 307,627,555.40 The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026, and which runs between April 23, 2026, and March 31, 2027, at the latest. The Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares, other than those used to fulfil Ericsson's obligations under its share-related incentive programs, are cancelled.

prnewswire.com - 2026-05-25 03:04:00

HOLMDEL, N.J.--(BUSINESS WIRE)--Vonage, a part of Ericsson (NASDAQ: ERIC), today announced that Sureshot.io, a marketing and productivity software provider, has selected Vonage to power its next-generation customer engagement solutions. Sureshot.io is now using the Vonage Messages API to deliver more dynamic, interactive messaging experiences for its global clients. Sureshot.io, which integrates with major marketing automation platforms, is moving a high volume of its SMS and MMS traffic to Von.

businesswire.com - 2026-05-19 08:00:00

/PRNewswire/ -- Container shipping on the high seas, and the broader maritime industry, are set to benefit from transformative real-time agentic AI-based

prnewswire.com - 2026-05-19 03:52:00

Solution includes Ericsson Radio System products, powered by Ericsson on-Demand 5G core network, as well as Net Feasa's Agentic Control Tower platform The partnership provides the maritime industry with reliable, secure connectivity, integrated with Agentic AI-driven data management and operations Deployment of the solution is already under way globally. Current use cases include reefer monitoring, dangerous goods handling and early heat detection STOCKHOLM, May 19, 2026 /PRNewswire/ -- Container shipping on the high seas, and the broader maritime industry, are set to benefit from transformative real-time agentic AI-based connectivity and monitoring capabilities, thanks to a new global partnership between Ericsson (NASDAQ: ERIC) and international IoT service provider Net Feasa.

prnewswire.com - 2026-05-19 03:44:00

STOCKHOLM, May 18, 2026 /PRNewswire/ -- During the period May 11 - May 15, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume (number of shares) Weighted average share price per day (SEK) Total daily transaction value (SEK) 2026-05-11 119,106 111.7655 13,311,941.64 2026-05-12 250,000 116.0788 29,019,700.00 2026-05-13 250,000 117.3238 29,330,950.00 2026-05-14 - - - 2026-05-15 500,000 118.5148 59,257,400.00 Total 1,119,106 116.9862 130,919,991.64 The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026 and which runs between April 23, 2026 and March 31, 2027, at the latest. The Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares, other than those used to fulfil Ericsson's obligations under its share-related incentive programs, are cancelled.

prnewswire.com - 2026-05-18 02:59:00

Ericsson CEO Borje Ekholm discusses the company's China exposure, both from a consumer and supply chain perspective, and what he makes of the relationship between the US and China following the meeting between President Donald Trump and China's Xi Jinping in Beijing. Live from the sidelines of the Spark Summit in California, he joins Caroline Hyde on "Bloomberg Tech.

youtube.com - 2026-05-14 14:06:10

Ericsson to utilize mandate to transfer shares PR Newswire STOCKHOLM, May 13, 2026

gurufocus.com - 2026-05-13 04:00:00

/PRNewswire/ -- In conjunction with the delivery of vested shares under the long-term variable compensation program I and II 2023 ("LTV I and II 2023"),

prnewswire.com - 2026-05-13 03:05:00

STOCKHOLM, May 13, 2026 /PRNewswire/ -- In conjunction with the delivery of vested shares under the long-term variable compensation program I and II 2023 ("LTV I and II 2023"), Ericsson's (NASDAQ: ERIC) annual general meeting on March 31, 2026 authorized the company to retain and sell no more than 70% of LTV I and II 2023 shares of series B in the company. Ericsson has decided to utilize the authorization to transfer shares to cover costs for withholding and paying tax and social security liabilities on behalf of the participants in relation to the performance share awards.

prnewswire.com - 2026-05-13 03:02:00

On May 11, 2026, Telefonaktiebolaget L M Ericsson (ERIC) shares rose 5.0% today, bringing the current price to $12.49. Over the past year, the stock has demonst

gurufocus.com - 2026-05-11 19:57:00

STOCKHOLM, May 11, 2026 /PRNewswire/ -- During the period May 4 - May 8, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume (number of shares) Weighted average share price per day (SEK) Total daily transaction value (SEK) 2026-05-04 250,000 108.3303 27,082,575.00 2026-05-05 800,000 110.8867 88,709,360.00 2026-05-06 500,000 111.3745 55,687,250.00 2026-05-07 500,000 110.2140 55,107,000.00 2026-05-08 600,000 109.0358 65,421,480.00 Total 2,650,000 110.1916 292,007,665.00 The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026, and which runs between April 23, 2026, and March 31, 2027, at the latest. The Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares, other than those used to fulfil Ericsson's obligations under its share-related incentive programs, are cancelled.

prnewswire.com - 2026-05-11 02:55:00

STOCKHOLM, May 4, 2026 /PRNewswire/ -- During the period April 27 - May 1, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume (number of shares) Weighted average share price per day (SEK) Total daily transaction value (SEK) 2026-04-27 1,000,000.00 105.14 105,142,500.00 2026-04-28 1,200,000.00 103.95 124,738,920.00 2026-04-29 1,000,000.00 106.31 106,311,900.00 2026-04-30 511,316 108.23 55,341,366.89 2026-05-01 - - - Total 3,711,316 105.50 391,534,686.89 The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026, and which runs between April 23, 2026, and March 31, 2027, at the latest. The Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares, other than those used to fulfil Ericsson's obligations under its share-related incentive programs, are cancelled.

prnewswire.com - 2026-05-04 03:01:00

HOLMDEL, N.J.--(BUSINESS WIRE)--Vonage, a part of Ericsson (NASDAQ: ERIC), today announced that it has been positioned in the Leaders Category in the 2026 IDC MarketScape for the Worldwide Communications Engagement Platforms (CEP) sector. Vonage believes this recognition reflects Vonage's comprehensive communications platform that enables enterprises to reimagine customer and employee engagement at global scale. The IDC MarketScape: Worldwide Communications Engagement Platforms 2026 Vendor Asse.

businesswire.com - 2026-04-29 03:30:00

Correction: The press release on April 27, 2026, regarding buybacks of shares in Ericsson during the period April 20 through April 24, 2026, inadvertently stated the total "Weighted average Share price per day (SEK)" in the table as "SEK 106.74", and this is now amended in the below table to show the correct figure which is "SEK 105.69". STOCKHOLM, April 28, 2026 /PRNewswire/ -- During the period April 20 – April 24, 2026, Telefonaktiebolaget LM Ericsson (publ) ("Ericsson") (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows: Date Aggregated daily volume (number of Shares) Weighted average Share price per day (SEK) Total daily transaction value (SEK) 04/20/2026 04/21/2026 04/22/2026 04/23/2026 1,200,000 106.74 128,090,040.00 04/24/2026 1,200,000 104.65 125,577,480.00 Total 2,400,000 105.69 253,667,520.00 The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026 and which runs between April 23, 2026 and March 31, 2027, at the latest.

prnewswire.com - 2026-04-28 02:54:00