Nokia (NOK), Alcatel (ALU) Pressured Following Ericsson (ERIC) Q2 Numbers

July 18, 2012 8:30 AM EDT Send to a Friend
Shares of Nokia (NYSE: NOK) and Alcatel-Lucent (NYSE: ALU) are under pressure Wednesday, following second-quarter numbers from peer Ericsson (Nasdaq: ERIC).

Ericsson reported a 1 percent revenue increase t SEK 55.3 billion, but profit slipped 63 percent to SEK 1.2 billion, or SEK 0.78 per share.

For more on Ericsson's numbers, click here.

Nokia is in a similar industry with its Nokia Siemens joint venture, a partnership with Siemens AG (NYSE: SI). Alcatel (NYSE: ALU) has also seen it stock drop as prospects continue to dim for the French communications equipment maker.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Insiders' Blog, Trader Talk

Add Your Comment