Ericsson Q4 Profits Hit by Decline in North America

January 27, 2015 8:06 AM

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Wireless equipment maker Ericsson's fourth-quarter fell by more than a third, with strong growth in Middle East, Europe and Asia offset by a decline in North America.

Net profit in the period was 4.2 billion kronor ($506 million) while revenue increased 1 percent to 68 billion kronor compared to a year earlier.

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