Key facts
- Third-quarter core profit decline was less than expected.
- RAN market is flat.
- Geopolitical uncertainty remains elevated.
- Component costs are a headwind for next year's gross margin.
Telecom equipment maker Ericsson reported on Thursday that its third-quarter core profit fell less than anticipated. The company also stated that the Radio Access Network (RAN) market is flat, geopolitical uncertainty remains high, and component costs are expected to negatively impact gross margin in the coming year.
