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Ericsson Soars on Strong US Growth as AT&T Deal Pays off
lm ericsson telephone's third-quarter performance exceeded expectations, with signs of demand recovery appearing.
Swedish lm ericsson telephone announced on Tuesday that both core profit and sales in the third quarter exceeded expectations, benefiting from a rebound in demand for 5G equipment in North America. The company stated that the telecommunications equipment market is showing signs of improvement. The company's stock price surged 9% in early trading, reaching its highest level since April 2022. Over the past two years, declining demand from North American mobile operators has hit companies like Ericsson and Nokia, forcing these companies to seek growth in emerging markets such as India, often at the cost of sacrificing profits. Ericsson's net sales in the third quarter decreased by 4%, to 61.8 billion Swedish kronor (59.
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Ericsson CFO: Expects AT&T Deployment Ramp-Up to Normalize a Little in 4Q and Into Next Year
Cooperation with AT&T is showing results. LM Ericsson (ERIC.US) Q3 profits greatly exceed expectations.
lm ericsson telephone (ERIC.US) third-quarter profit exceeds market expectations.
Ericsson CEO: AT&T Deal Is Important in Helping North America Sales Returning