STOCKHOLM (AP) — STOCKHOLM (AP) — Ericsson (ERIC) on Tuesday reported third-quarter net income of $366.1 million.
On a per-share basis, the Stockholm-based company said it had profit of 11 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The telecommunications equipment provider posted revenue of $5.93 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $5.73 billion.
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