Yahoo Finance

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