It should be a golden age for network technology producers like Ericsson (ERIC). With 5G starting to ramp up and potentially offering an end to the digital divide and a post-smartphone world starting to take shape, opportunities abound. However, Ericsson's recent earnings report suggested the company might be getting left behind, as it is currently down over 9% today. The company posted earnings of $0.14 per share, which faltered against estimates calling for $0.18 per share. The company's revenue of $6.36 billion also came in under expectations.
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Ericsson (NASDAQ:ERIC)
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