Ericsson, the world's number one mobile network gear maker, posted second-quarter core operating profit below expectations on Friday and said operators in some markets remained cautious in making investments.
Operating profit, excluding joint ventures and restructuring costs, was 5.3 billion Swedish crowns ($715 million) against a forecast of 5.8 billion in a Reuters poll of analysts and 6.1 billion in the year-ago period.
Sales were down 8 percent year-on-year at 48 billion crowns versus a forecast of 50.5 billion.
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