LM Ericsson Telephone Company (NASDAQ: ERIC) is trading higher, although our first look at earnings indicated a miss in local currency. We saw that (Swedish Kronors) was 0.39 EPS versus an estimate of 0.38 and revenue fell 9% 45.1 billion (again, Kronors). Shares closed at $11.26 on Thursday, and shares were up 6% at $11.95 on over2.6 million shares as of 8:57 AM EST.
JON OGG
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