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Ericsson Stock Soars
Ericsson Expects Market to Stabilize as Key North America Sales Rise
The Swedish telecommunications-equipment company said its key networks unit saw an 80% surge in North America sales in the third quarter after winning contracts and as some large customers made selective network investments.
Ericsson Stock Soars as North American Sales Drive Strong Earnings
Key Takeaways A jump in North American sales helped Ericsson's third-quarter earnings and revenue beat analysts' estimates.The Swedish telecom said North American sales were up 51% from a year ago on recent contract wins and investments by some large customers.
Ericsson upbeat as strong 5G demand drives North American market back to growth
Ericsson has returned to growth in its North American market. The vendor, which signed a lucrative five-year contract worth $14 billion to build AT&T's Open RAN network in the US last year, said sales were up 55 percent year-on-year during the third quarter.
Q3, Ericsson
Q3 2024 Earnings: Hold Ericsson
Ericsson expects network sales to stabilize in Q4 with growth opportunities in 5G, enterprise 5G portfolio, and Intellectual Property Rights revenue. Learn more on ERIC stock here.
Ericsson stock hits two-year high on upbeat Q3 earnings results
Shares of Ericsson (ERIC) have hit a two-year high after the company reported upbeat third quarter results and saw sales in North America grow 55% year over year. Market Domination Hosts Julie Hyman and Josh Lipton report more on the movement and dig into the company's earnings.
Bank of America: Q3 Earnings Snapshot
Bank of America Corp. (BAC) on Tuesday reported third-quarter profit of $6.9 billion. The bank, based in Charlotte, North Carolina, said it had earnings of 81 cents per share. The results topped Wall Street expectations.
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Ericsson sees signs of stabilising market as it beats forecasts
Sweden's Ericsson on Tuesday said the telecom equipment market is showing signs of improvement after reporting core earnings ...
23h
Ericsson posts stronger-than-expected third quarter
Ericsson posted stronger-than-expected third-quarter results on Tuesday, driven by a major contract with AT&T and solid ...
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Ericsson sees signs of upturn as 5G helps it beat forecasts
STORY: Ericsson reported earnings and sales above expectations on Tuesday (October 15).The Swedish telecoms gear maker said ...
Impacts
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Ericsson Receives New 5G Contract
India’s Bharti Airtel has awarded the Swedish telecom equipment manufacturer Ericsson a new, multi-billion dollar contract to ...
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