Shares of Telefonaktiebolaget LM EricssonERIC rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter sales and issued guidance.
Ericsson reported a second-quarter loss of 31 cents per share, compared to year-ago earnings of 7 cents per share. The company reported quarterly sales of $5.59 billion which beat the analyst consensus estimate of $5.36 billion, according to data from Benzinga Pro.
Ericsson shares jumped 4.3% to $6.66 in pre-market trading.
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