Ericsson second-quarter operating profit tops forecasts

Reuters News
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Posted: Jul 17, 2015 1:43 AM

STOCKHOLM (Reuters) - Mobile telecom equipment maker Ericsson posted second-quarter sales and operating profit above market expectations on Friday as business stabilized in North America.

Operating profit was 3.6 billion Swedish crowns ($422 million) compared to 4.0 billion in the year-ago quarter and above a mean forecast of 2.8 billion crowns in a Reuters poll of analysts.

Sales at Ericsson, the world number one mobile network equipment maker, were 60.7 billion crowns, above a forecast of 58.6 billion. The gross margin was 33.2 percent against a mean forecast of 34.7 percent.

(Reporting by Sven Nordenstam; Editing by Alistair Scrutton)