Telefonaktiebolaget L M (NASDAQ:ERIC) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.13 by 76.92 percent. This is a 75 percent decrease over earnings of $0.12 per share from the same period last year. The company reported quarterly sales of $5.397 billion which missed the analyst consensus estimate of $5.720 billion by 5.65 percent. This is a 4.86 percent increase over sales of $5.147 billion the same period last year.