Ericsson Drops On Dissapointing Q2 Results

Posted in Uncategorized 
July 26th, 2010

LM Ericsson Telephone Company (NASDAQ: ERIC) fell pre-market as a result of poor second quarter results, in which sales for comparable units, adjusted for currency and hedging, was down 15% compared to last year.  At 8:35 AM EST the company was down 1.86% to $11.07 from $11.28 and has traded 583,800 shares, which is an active move for pre-market trading even though the average volume is 8,172,250.  This move comes in the middle of the 52-week trading range of $8.94 – $12.39.

-Michael B. Sauter

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