Ericsson second quarter operating profit matches expectations

FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song - Copyright ALY SONG(Reuters)

By Reuters

Published on 17/07/2019 - 13:36•Updated 25/04/2024 - 02:06

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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 (317.45 million pounds) 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.