An Ericsson Surprise (ERIC)

Posted in pre-market 
April 23rd, 2010

LM Ericsson Telephone Company (NASDAQ: ERIC) is trading higher, although our first look at earnings indicated a miss in local currency.  We saw that (Swedish Kronors) was 0.39 EPS versus an estimate of 0.38 and revenue fell 9% 45.1 billion (again, Kronors).  Shares closed at $11.26 on Thursday, and shares were up 6% at $11.95 on over2.6 million shares as of 8:57 AM EST.


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