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ERIC B — Telefonaktiebolaget LM Ericsson News Story

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Ericsson seen down after slight Q2 sales miss amid rising component costs

BUZZ-Ericsson seen down after slight Q2 sales miss amid rising component costs

** Shares in Ericsson ERICb.ST seen down 4-5% after its Q2 sales slightly missed estimates, while it warned of rising component costs

** Citing an impact from lower licensing revenues, the Swedish telecoms equipment maker posts quarterly sales at SEK 52.69 billion ($5.43 billion) against SEK 53.68 billion in consensus

** Ericsson CFO warns of pricing pressure seen in chips, memory, and other components

** Jefferies says steadily rising component prices could have a bigger impact on the Q4 gross margin

($1 = 9.7053 Swedish crowns)


(Reporting by Boleslaw Lasocki)

((boleslaw.lasocki@thomsonreuters.com ))

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