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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 to higher volumes of network rollout proj

RTTNews | 58 days ago

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