Ericsson Stock Drops On Weak Q2, Cautious View On Q3 Networks Margin

Shares of LM Ericsson were losing around 8 percent in Sweden as well as in the pre-market activity on the Nasdaq, after the Swedish telecom major reported Tuesday lower second-quarter profit and sales, mainly due to weak Networks and Enterprise performance. Further, the firm warned on some pressure on Networks adjusted gross margin in the third quarter due…

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