1 posts and columns on Carl-Henric Svaberg

Voices

Ericsson Slides on Weak Reception to Second-Quarter Results

in News on July 22, 2008 at 7:41 am PT

Ericsson (ERIC) shares are down sharply in early trading after the company reported disappointing Q2 results. As Marketwatch notes, profits of 1.9 billion Swedish kronor came in below the Street consensus of 2.94 billion, while revenue of 48.5 billion kronor were about in line.