Swedish telecom equipment maker Ericsson (ERIC) reported Wednesday that its third-quarter net income was 5.6 billion Swedish kronor, compared to last year's loss of 6.9 billion kronor. Earnings per share were 1.61 kronor, compared to loss of 1.89 kronor a year ago.
The prior year's results were hurt by cost provisions of 11.5 billion kronor related to the investigation by the United States Securities and Exchange Commission and the United States Department of Justice as well as a refund of social security costs of 0.9 billion kronor.
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Business News
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.