{"id":866418,"date":"2024-10-15T17:09:06","date_gmt":"2024-10-15T11:39:06","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=866418"},"modified":"2024-10-16T07:17:55","modified_gmt":"2024-10-16T01:47:55","slug":"ericsson-q3-core-profit-beats-expectations","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/10\/15\/ericsson-q3-core-profit-beats-expectations\/","title":{"rendered":"Ericsson Q3 core profit beats expectations"},"content":{"rendered":"<p>Swedish telecom equipment maker Ericsson on Tuesday reported core earnings and sales above expectations helped by a rebound in demand for 5G gear in North America. <\/p>\n<p>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. <\/p>\n<p>Net sales declined by 4% from year earlier period to 61.8 billion crowns but beat estimates of 61.6 billion. <\/p>\n<p>&#8220;We see signs that the overall market is stabilising with North America, as an early adopter market, returning to growth,&#8221; CEO Borje Ekholm said in a statement. <\/p>\n<p>However, the company said that the growth in North American markets was offset by lower customer investment levels in other regions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swedish telecom equipment maker Ericsson on Tuesday reported core earnings and sales above expectations helped by a rebound in demand for 5G gear in North America. 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. Net sales declined by 4% from year earlier period to 61.8 billion crowns but beat estimates of 61.6 billion. &#8220;We see signs that the overall market is stabilising with North America, as an early adopter market, returning [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-866418","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/866418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=866418"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/866418\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=866418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=866418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=866418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}