Ericsson's Q3 earnings exceed expectations, driven by 5G demand recovery in North America.

Ericsson reported third-quarter earnings that exceeded analysts' expectations, driven by recovering 5G demand in North America. The company achieved a net income of 3.88 billion kronor, a turnaround from a loss last year. Adjusted EBITA rose by 64%, though net sales fell 4% to 61.79 billion kronor. CEO Börje Ekholm noted market stabilization and growth in North America, while anticipating challenges in the Enterprise segment.