PREMARKET ALERT: LM Ericsson (ERIC)

Posted in General 
July 24th, 2009

LM Ericsson Telephone Co. (Nasdaq: ERIC) shares are down 7 percent to $9.65 with more than 300,000 shares traded as of 8:15 a.m. The company posted EPS of 26 kronor per share, vs. analyst expectations of 84 kronor per share. Network sales fell year-over-year currency adjusted, reflecting a weaker the market environment. — Mike Tarsala

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