STOCKHOLM (AP) — STOCKHOLM (AP) — Ericsson (ERIC) on Tuesday reported second-quarter profit of $429.8 million.
The Stockholm-based company said it had net income of 13 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 13 cents per share.
The telecommunications equipment provider posted revenue of $5.6 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $5.77 billion.
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