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Significant 13%+ intraday drop on miss plus ongoing litigation-risk scrutiny can depress multiple expansion and amplify volatility; similar past cases where investigations followed earnings misses led to extended drawdowns until clarity emerges.
What happened, with direct paths to the underlying reporting
Ericsson reported Q2 net sales of SEK 52.7B (~$5.43B), below the ~$5.68B expected, with adjusted EPS of $0.1258 vs $1.19 consensus. The firm posted a 1% organic sales decline and an 8% year-over-year drop in Networks, sending ERIC down more than 13% midday. A SueWallSt investigation notice alleges potential securities violations tied to the earnings miss.
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