Ericsson Net Income Rises on China, Latin America Orders
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Ericsson AB, the world’s largest maker of wireless networks, reported third-quarter profit and sales that topped analysts’ estimates as phone companies in Latin America and China increased spending.
Net income climbed to 3.82 billion kronor ($573 million) from 3.68 billion kronor a year earlier, Stockholm-based Ericsson said today in a statement. Analysts in a Bloomberg survey had predicted profit of 3.66 billion kronor. Sales rose 17 percent, also surpassing estimates.