Agence France-PresseJuly 18, 2013 06:39
Swedish telecom-equipment maker Ericsson reported a jump in quarterly profit and flat sales on Thursday, disappointing analysts.
Profits rose 26 percent in the second quarter from the figure a year ago to 1.516 billion kronor (176 million euros, $230 million).
This was about half the amount forecast by economists surveyed by Dow Jones Newswires.
Net sales for the quarter were also below analysts' predictions, coming in at 55.3 billion kronor (6.4 billion euro, $8.4 billion), unchanged from the second quarter of last year.