© Reuters. FILE PHOTO: Ericsson logo is seen at its headquarters in Stockholm, Sweden June 14, 2018. REUTERS/Olof Swahnberg/File Photo
STOCKHOLM (Reuters) – Sweden’s Ericsson (BS:) on Thursday reported third-quarter core earnings that missed expectations for the second quarter in a row, as margins took a hit from higher component and logistics costs.
The company’s quarterly adjusted operating earnings fell to 7.1 billion Swedish crowns ($633.05 million) from 8.8 billion crowns a year earlier, missing analysts’ mean forecast of 8.73 billion, according to Refinitiv data.
($1 = 11.2155 Swedish crowns)
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