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)