STOCKHOLM (AP) — STOCKHOLM (AP) — Ericsson (ERIC) on Friday reported net income of $443.4 million in its fourth quarter.
On a per-share basis, the Stockholm-based company said it had profit of 13 cents. Earnings, adjusted for restructuring costs, were 17 cents per share.
The telecommunications equipment provider posted revenue of $6.77 billion in the period.
For the year, the company reported profit of $1.9 million. Revenue was reported as $23.45 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERIC at https://www.zacks.com/ap/ERIC
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.