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Fly News Breaks for April 24, 2015
ERIC
Apr 24, 2015 | 07:52 EDT
Bernstein says that Ericsson's results were disappointing. The firm says the company's gross margin miss was driven by its ongoing litigation with Apple (AAPL) and a decline in U.S. software revenues and higher sales in China. The firm says the negative reaction in the stock was overdone and it keeps an Outperform rating on the shares.
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