Ericsson Q3 core profit beats expectations

STOCKHOLM: Swedish telecom equipment maker Ericsson reported on Tuesday a rise in core earnings that beat expectations helped by a rebound in demand for 5G gear in North America.

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Its adjusted core earnings, excluding impairments, stood at 7.33 billion Swedish crowns ($702.4 million) compared with 3.9 billion crowns reported a year earlier and beat a 5.75 billion crown mean forecast in an LSEG poll of analysts.