Swedish telecom equipment maker Ericsson (ERICb.ST) reported this week a swing to a bigger second-quarter adjusted profit than expected, helped by sales growth in North America and cost cuts, but said US tariffs dampened a rise in its profit margin.
Ericsson’s shares fell 3 per cent in early trading after the result.
Operating profit excluding restructuring charges was 7.0 billion crowns ($728.5 million) against a year-earlier loss of 11.9 billion
