Nokia (NOK), Alcatel (ALU) Pressured Following Ericsson (ERIC) Q2 Numbers
Tweet
Share
E-mail
Get Alerts NOK Hot Sheet
Join SI Premium – FREE
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.
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
- Anthropic hires Google chip veteran as it pushed into hardware - Bloomberg
- NVIDIA (NVDA) in talks to invest in data-center company Cloverleaf Infrastructure - WSJ
- New York Fed raises Q3 2026 GDP forecast to 2.3%
Create E-mail Alert Related Categories
Earnings, Insiders' Blog, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
