Ericsson’s revenue for the quarter grew 3% to 64.4 billion Swedish kronor (about $6.3 billion) while posting a net loss of SEK -0.6 billion ($59 million) due to restructuring charges.

Ericsson stock (NASDAQ: ERIC) has increased by about 34% in 2024, outperforming the broader indices. Ericsson reported third-quarter results that exceeded expectations, with sales totaling SEK 61. ...

Telecoms gear maker Ericsson (ERICb.ST) has reached an agreement with Finland's Nokia to pay a damages claim of 80 million euros ($97 million), it said on Wednesday.