Ericsson Posts Decline In Q1 Earnings - Telefonaktiebolaget L M (NASDAQ:ERIC)

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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 net sales climbed to SEK52.03 billion from SEK50.97 billion, versus estimates of SEK52.52 billion.Ericsson shares closed at $11.54 yesterday.

27% profits every 20 days?

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