Ericsson Q3 Earnings Surpass Estimates, Revenues Decline Y/Y

Ericsson (ERIC) reported relatively healthy third-quarter 2024 results, with both the top and bottom lines beating the respective Zacks Consensus Estimate. However, the company reported a top-line contraction year over year, owing to demand softness in Asia, Africa, The Middle East, and Oceania region. Solid sales growth in North America partially reversed this negative trend. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Higher IPR licensing revenues, cost optimization and a rob ...