Ericsson Q2 Sales Miss Forecast at 526.9B SEK vs 538.6B SEK Expected

Ericsson reported second-quarter net sales of 526.9 billion Swedish kronor (SEK), falling short of market estimates of 538.6 billion SEK. Adjusted EBIT for the period came in at 65.2 billion SEK, compared to analyst expectations of 66.4 billion SEK. The telecom infrastructure company's adjusted gross margin reached 48.4%, exceeding the forecasted 47.9%, though its network business adjusted operating margin stood at 17.6% versus the expected 18%.
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