Ericsson profit beats forecast in second quarter

STOCKHOLM: Sweden’s Ericsson reported a second-quarter core profit above market expectations on Tuesday, as telecom equipment customers in regions outside North American markets placed more orders.

The company reported an adjusted operating profit of 6.52 billion Swedish crowns ($671.70 million), excluding restructuring charges, for the second quarter, while analysts on average expected 6.42 billion, according to an LSEG poll.