By: Benzinga
Ericsson Posts Decline In Q1 Earnings
Ericsson (NASDAQ: ERIC ) reported a drop in its first-quarter earnings. Ericsson's gross margin declined to 32% in the quarter versus 33.3%. Ericsson's quarterly net profit fell to 1.21 billion Swedish kronor ($181 million), from SEK8.95 billion, in the year-ago period. However, analysts were expecting a net profit of SEK1.80 billion. Its
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