Telefonaktiebolaget L M (NASDAQ:ERIC) reported quarterly earnings of $0.27 per share which beat the analyst consensus estimate of $0.23 by 18.7 percent. This is a 110 percent increase over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $7.367 billion which beat the analyst consensus estimate of $7.030 billion by 4.79 percent. This is a 8.85 percent increase over sales of $6.768 billion the same period last year.