The Swedish telecom equipment maker promises additional restructuring measures and predicts up to three more quarters of troubles.
Ericsson (ERIC) will post 2016 third quarter results before Friday's opening bell.
This telecommunication stock is at eight-year lows, but don't believe the optimists who say it offers a window of opportunity.
5G, due to begin ramping around 2020, delivers improvements over 4G that should be valuable for Internet of Things deployments. That could expand the addressable market of many chipmakers.