Ericsson makes better than expected earnings for the fifth straight quarter



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Visitors pbad through the entrance to the Ericsson AB Pavilion at the Mobile World Congress in Barcelona, ​​Spain, on Tuesday, February 26, 2013.

Simon Dawson | Bloomberg via Getty Images

Visitors pbad through the entrance to the Ericsson AB Pavilion at the Mobile World Congress in Barcelona, ​​Spain, on Tuesday, February 26, 2013.

Mobile telecom equipment maker Ericsson announced Wednesday a larger-than-expected increase in first-quarter operating profit, adding that growth had been particularly strong in North America. With this performance, the company has also raised its prospects for the global network market.

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