Ericsson Q2 operating profit matches expectations

Published: July 17, 2019 15:31:19 | Updated: July 20, 2019 16:44:31

The exterior of an Ericsson building is seen in Stockholm on April 30, 2009 — Reuters photo

Mobile telecom equipment maker Ericsson reported on Wednesday a rise in line with expectations in second-quarter (Q2) 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, reports Reuters.