Ericsson Profit Beats Estimates After 5G Gear Sales Stabilize

Ericsson AB’s profit beat analysts’ expectations after sales of 5G telecom equipment stabilized in the second quarter.

Adjusted earnings before interest and taxes were 7 billion Swedish kronor ($728 million) in the second quarter, the Stockholm-based company said in a statement on Tuesday. That compared to an average analyst estimate compiled by Bloomberg of 6.55 billion kronor.