Ericsson fourth quarter earnings beat forecast
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STOCKHOLM, Jan 23 (Reuters) - Ericsson on Tuesday reported a fall in fourth quarter operating profit but beat expectations as the telecom equipment supplier increased its margin in a market where demand for 5G equipment is growing slowly.
Operating profit (EBIT) excluding restructuring charges for the October-December period fell to 7.37 billion Swedish crowns ($706.99 million) from 8.08 billion crowns a year earlier, while analysts in an LSEG poll had expected 6.92 billion.
($1 = 10.4245 Swedish crowns) (Reporting by Supantha Mukherjee and Olivier Sorgho, editing by Terje Solsvik)
