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Ericsson Q1 core profit beats forecast

STOCKHOLM, April 21 (Reuters) - Sweden’s Ericsson on Wednesday reported first-quarter core earnings above market estimates, as strong sales of 5G equipment offset a loss of royalty income due to a patent fight with Samsung Electronics .

The company’s quarterly adjusted operating earnings rose to 5.3 billion Swedish crowns ($627.9 million) from 4.6 billion a year ago, beating the mean forecast of 5.0 billion crowns, according to Refinitiv estimates. ($1 = 8.4404 Swedish crowns) (Reporting by Supantha Mukherjee in Stockholm; editing by Niklas Pollard)

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