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Ericsson: Q1 Earnings Snapshot

STOCKHOLM (AP) — STOCKHOLM (AP) — Ericsson (ERIC) on Friday reported first-quarter net income of $97.2 million.

On a per-share basis, the Stockholm-based company said it had profit of 3 cents. Earnings, adjusted for restructuring costs, came to 13 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 13 cents per share.

The telecommunications equipment provider posted revenue of $5.4 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $5.8 billion.

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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

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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