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.

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 earnings beat analysts’ expectations in the third quarter, as the Swedish telecom equipment returned to growth in the US. Read more at The Business Times.