Ericsson Stock Sinks on Warning US Tariffs Would Significantly Hurt Business
1. Ericsson shares fell 11% after missing earnings estimates significantly. 2. Warning on U.S. tariffs could negatively impact Ericsson's business operations. 3. Sales surged 53% in North America, but fell across other regions. 4. R&D and admin expenses drove costs up, contributing to decreased profit. 5. Despite the drop, shares saw a 40% increase over the past year.