Ericsson's profit surpasses forecasts for fifth consecutive quarter



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Visitors pass the entrance of the Ericsson AB pavilion at the Mobile World Congress in Barcelona, ​​Spain, on Tuesday, February 26, 2013.

Simon Dawson | Bloomberg via Getty Images

Visitors pass the entrance of the Ericsson AB pavilion at the Mobile World Congress in Barcelona, ​​Spain, on Tuesday, February 26, 2013.

Ericsson, the maker of mobile telecommunications equipment, posted a stronger-than-expected increase in first-quarter operating profit on Wednesday, adding that it posted particularly strong growth in North America. Driven by performance, the company also increased its outlook for the global networking market.

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