Ericsson beats quarterly core profit estimates despite sales slip

(Reuters) -Swedish telecoms gear maker Ericsson reported a rise in quarterly core earnings that beat expectations on Tuesday, as operational improvements drove gross margins to sustainable levels despite a decline in sales. Adjusted earnings before interest and taxes (EBIT) excluding restructuring charges were 15.4 billion Swedish crowns ($1.62 billion) in the quarter ended in September. That was 9.2% higher than the 14.1 billion crowns forecast in an Infront consensus poll of analysts provided by the company. ($1 = 9.4988 Swedish crowns) (Reporting by Gianluca Lo Nostro and Agnieszka Olenska; Editing by Matt Scuffham)

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