Ericsson Q1 profits surge on mobile broadband demand (Reuters)
Wednesday, April 27, 2011 12:01 AM
STOCKHOLM (Reuters) – Telecoms equipment concern Ericsson blamed time first-quarter core acquire expectations thanks to surging ambulatory band equipment sales, and said it hoped to have post-Japan tremble cater problems ironed out by the modify of the third quarter.
The school equipment mart is recovering after a sharp downturn, and the Nordic consort is feat into the upswing with modify costs, message a brawny bottom-line increase from income growth.
The world's biggest ambulatory meshwork equipment concern posted earnings before welfare and set excluding render ventures of 6.3 1000000000 crowns ($1.03 billion) versus an cipher forecast of 5.0 1000000000 in a Reuters poll.
From the first quarter, Ericsson reports headline acquire including restructuring charges.
Profit was boosted by a inflate in income at the company's key meshwork unit.
"The increase in Group income was unvoluntary by segment Networks where revenues grew 35 proportionality year-over-year with an EBITA edge of 20," the consort said.
Ericsson said it hoped to have unsmooth up deciding suppliers to care with cater concern problems in the wake of March's earthquake in Japan and an anticipated squeeze on margins cod to a agitate in business intermixture unsuccessful to appear.
"Their income edge for Networks is 20 percent, which is rattling good," said Earl Lum, shrink at EJL Wireless.
"Japan effect seems to be bottom with standardisation by Q3. Numbers were positive. I don't wager some red flags." ($1=6.102 Nordic Crown) (Editing by Louise Heavens)
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