Home / Street Sector / Short Call at News Buzzer: Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Costco Wholesale (NASDAQ:COST)

Short Call at News Buzzer: Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Costco Wholesale (NASDAQ:COST)

Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) [Trend Analysis] runs in leading trade, it plunging -20.83% to traded at $5.55. The firm has price volatility of 2.15% for a week and 1.48% for a month. Its beta stands at 0.90 times. Ericsson (ERIC) revealed that the business result for its third-quarter will be importantly lower than firm expectations. Operating income declined to 0.3 billion Swedish kronor from 5.1 billion kronor, comprising restructuring charges of 1.3 billion kronor.

Operating income not comprising restructuring charges declined 73% year-over-year to 1.6 billion kronor from 6.1 billion kronor. The firm stated the negative industry trends from the first half of 2016 have additional accelerated, impacting third quarter numbers primarily in Section Networks. Gross margin declined to 28.3% from 33.9% following lower volumes in Section Networks, lower mobile broadband capacity sales, and higher share of services sales. Narrow down four to firm performance, its weekly performance was -21.83% and monthly performance was -18.14%. The stock price of ERIC is moving down from its 20 days moving average with -20.26% and isolated negatively from 50 days moving average with -22.14%.

Several matter pinch shares of Costco Wholesale Corporation (NASDAQ:COST) [Trend Analysis], as shares plunging -0.36% to $150.46 with a share volume of 1.65 Million. Costco Wholesale Corporation (NASDAQ:COST) reported that its BOD has reported a quarterly cash dividend on Costco ordinary stock of $.45 per share. The quarterly dividend is payable November 18, 2016, to shareholders of record at the close of business on November 4, 2016.

Costco presently operates 715 warehouses, comprising 501 in the U.s.and Puerto Rico, 91 in Canada, 36 in Mexico, 28 in the United Kingdom, 25 in Japan, 12 in Korea, 12 in Taiwan, eight in Australia and two in Spain. The Firm plans to open up to an additional nine new warehouses (comprising one relocation) before the end of calendar year 2016. Costco also operates electronic commerce web sites in the U.S., Canada, the United Kingdom, Mexico, Korea and Taiwan. The stock is going forward its 52-week low with 8.87% and moving down from its 52-week high price with -11.28%. To have technical analysis views, liquidity ratio of a firm was calculated 1.00 as evaluated with its debt to equity ratio of 0.43. The float short ratio was 1.94%, as compared to sentiment indicator; Short Ratio was 4.06.


About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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