India, July 14 -- Shares of LM Ericsson were losing around 8 percent in Sweden as well as in the pre-market activity on the Nasdaq, after the Swedish telecom major reported Tuesday lower second-quarter profit and sales, mainly due to weak Networks and Enterprise performance.
Further, the firm warned on some pressure on Networks adjusted gross margin in the third quarter due to higher volumes of network rollout projects.
Looking ahead, the company said it enters the next phase from a position of strength, aimed to capitalize as AI increasingly moves into the physical world.
Regarding the action taken to mitigate component cost inflation, the company said, "As the impact builds in the coming quarters, we will continue to pursue internal me...