Ericsson’s core earnings rise in 1st quarter as Trump’s tariffs loom large

(Reuters) – Ericsson reported better than expected first-quarter core earnings on Tuesday, helped by a higher gross income, as the telecoms equipment maker braces for the impact of tariffs from the United States, its biggest market.

Adjusted core earnings excluding restructuring charges rose 44% year-on-year to 6.2 billion Swedish crowns ($636 million), exceeding the average estimate of 4.44 billion crowns in an LSEG poll of analysts.

($1 = 9.7479 Swedish crowns)

(Reporting by Gianluca Lo Nostro, editing by Milla Nissi)