Ericsson second-quarter operating profit matches expectations
FILE PHOTO: The exterior of an Ericsson building is seen in Stockholm April 30, 2009. REUTERS/Bob Strong/File Photo
STOCKHOLM (Reuters) – Mobile telecom equipment maker Ericsson (ERICb.ST) reported on Wednesday a rise in line with expectations in second-quarter operating earnings helped by strong sales growth in North America.
The Swedish firm posted an operating profit of 3.7 billion crowns ($394.15 million) against a 0.2 billion profit a year ago, matching the mean forecast for a 3.7 billion profit seen in a poll of analysts.
Reporting by Helena Soderpalm, editing by Anna Ringstrom