Ericsson profit beats forecasts for fifth straight quarter as savings, 5G sales kick in
https://www.cnbc.com/2019/04/17/ericsson-profit-beats-forecasts-for-fifth-straight-quarter-as-savings.html
Mobile telecom equipment maker Ericsson reported a bigger that expected rise in first-quarter operating earnings on Wednesday, adding that it saw particularly strong growth in North America. Boosted by the performance, the firm also raised its outlook for the global networks market.
The Swedish firm posted an operating profit of 4.9 billion Swedish crowns ($530 million), reversing a 312 million crown loss a year ago, easily topping the mean forecast for a 2.8 billion profit seen in a Reuters poll of analysts.