In its second-quarter 2017 results, Ericsson ( ERIC - Free Report ) reported non-IFRS earnings of SEK 0.17 (2 cents) per share (excluding amortizations, write-downs of acquired intangible assets and restructuring charges). This is down from earnings of SEK 0.83 recorded in the comparable quarter last year. Declining sales and shrinking gross margins put immense pressure on the bottom line.