Ericsson (ERIC) Q2 Revenue Tops Estimates (Earlier)
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Ericsson Reports Second Quarter Results 2018
July 18, 2018 2:19 AM EDTSTOCKHOLM, July 18, 2018 /PRNewswire/ --
Second quarter highlights Â
Sales as reported and sales adjusted for comparable units and currency both decreased by -1% YoY. Segment Networks showed a sales growth of 2% YoY, both in reported sales and sales adjusted for comparable units and currency, with strong sales growth in North America. Gross margin was 34.8% (29.1%). Gross margin excluding restructuring charges improved to 36.7% (30.9%), driven mainly by cost reductions and the continued ramp-up of Ericsson Radio System (ERS). Operating expenses were SEK 17.2 (15.4) b. Operating expenses excluding restructuring charges increased to... More