Ericsson Posts Lower Q1 Profit, Shares Down


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Sweden's

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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Ericsson (ADR) (NASDAQ: ERIC) reported a drop in its net profit for the first quarter.Ericsson posted a quarterly net profit of 1.32 billion Swedish kronor, or 0.40 kronor per share, versus a year-ago profit of 2.12 billion kronor, or 0.65 kronor per share. Analysts were expecting a profit of 0.68 kronor per share.Its net sales gained 13 percent to 53.52 billion kronor, compared to 47.51 billion kronor. Like-for-like sales slipped 6 percent.Operating profit declined to 2.1 billion Swedish crowns ($240 million), compared to 2.6 billion.Gross margin came in at 35.4 percent.Ericsson shares fell 8.19 percent to $11.66 in pre-market trading.
Posted In: EarningsNewsprofit