a day ago
- Business
- Wall Street Journal
Ericsson Earnings Beat Forecasts Despite Tariff Hit
STOCKHOLM–Ericsson's second-quarter earnings beat expectations despite a negative impact from U.S. import tariffs, as it benefited from a larger share of sales in higher-margin countries, increased licensing revenue and cost savings.
The Swedish telecommunications-equipment company said Tuesday that its key networks business posted a 5.3% fall in sales overall in the period, with strong growth in North America and a slight sales increase in Europe, but significant declines in India where the company had lower network investment levels.
