Fox News: Sweden's Ericsson in $260 million Q1 profit as sales slip 9 percent

[riky]

Sweden's Ericsson in $260 million Q1 profit as sales slip 9 percent

Wireless equipment maker Ericsson says first-quarter profit increased to 1.7 billion kronor ($260 million) mainly because of restructuring and licensing income even as revenue fell by 9 percent compared to the same period a year earlier.<img src="http://feeds.feedburner.com/~r/foxnews/world/~4/OEOF95krkGQ" height="1" width="1"/>

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