Sweden’s Ericsson on Wednesday reported quarterly core earnings that beat market estimates, helped by higher margins and China’s 5G rollout, and said it was “more confident” in meeting its 2020 targets. Ericsson’s 5G contract wins have touched 112 as more telecom operators are building next-generation networks and as diplomatic pressure from the United States is pushing out market leader Huawei from more countries. Third-quarter adjusted operating earnings rose to 9.0 billion Swedish crowns ($1.0 billion) from 6.5 billion a year ago, beating the mean forecast of 6.98 billion crowns, according to Refinitiv estimates. …read more
Source:: Yahoo Finance
