Ericsson shares hit four-year high after profit tops forecasts for fifth quarter

Ericsson shares hit four-year high after profit tops forecasts for fifth quarter

6 years ago
Anonymous $9jpehmcKty

https://www.reuters.com/article/us-ericsson-results/ericsson-shares-hit-four-year-high-after-profit-tops-forecasts-for-fifth-quarter-idUSKCN1RT0D5

Ericsson posted a first-quarter profit on Wednesday that swept past forecasts due to strong growth in North America and cost cuts, spurring the telecom equipment maker to boost its full-year outlook for the global networks market.