Ericsson’s second quarter earnings showed a leap in profits compared with the same period last year, but its share price fell over 10%, as profit gains masked an overall revenue drop and a cloudy outlook in the US. Investors are apprehensive of the outlook for a company like Ericsson, with most of its eggs in the US basket, faced with the unknown outcome for US tariffs. In its outlook for the rest of the year, Ericsson warned of possible volatility: “Increased uncertainty remains on the outlook, both in terms of potential for further tariff changes as well as in the broader macroeconomic environment,” Ericsson said in its earnings statement. US inflation rose more than expected in June, an early sign…