Ericsson warns component costs may pressure margins next year after Q3 profit beat
Ericsson reported a smaller-than-expected drop in third-quarter core profit, saying efficiency measures helped offset higher component costs. It warned those costs would affect margins next year.
Ericsson OMXSTO:ERIC_A said on Thursday that third-quarter core profit declined less than expected, with efficiency measures helping to counter higher component costs. The company cautioned that those costs may weigh on margins next year.