Ericsson (ERIC): Q3 net profit -43% to 2.18B kronor ($325M) vs 1.95B kroner consensus. Sales -2%...

|By:, SA News Editor

Ericsson (ERIC): Q3 net profit -43% to 2.18B kronor ($325M) vs 1.95B kroner consensus. Sales -2% to 54.55B kroner vs 54.8B kroner, hurt by cautious spending by carriers; sales for main Networks unit -17%. N American sales +16%, Western & Central Europe -21%, China, Russia, Korea also fall. Margins 30.4% vs 35% last year, with the fall a result of strategy to build market share by taking on low-profit projects. (PR)