Swedish telecom equipment maker Ericsson (ERIC) reported that its third-quarter net income attributable to owners of the parent company rose to 5.75 billion Swedish kronor or 1.73 kronor per share from 5.35 billion kronor or 1.61 kronor per share in the same quarter last year.
But net sales for the third-quarter declined 2% to 56.26 billion kronor from 57.47 billion kronor last year.
Sales adjusted for comparable units and currency for the quarter declined by 1% year-over-year, with growth in two of the five market areas. Sales in Mainland China in Networks and Digital Services declined by 3.6 billion kronor, impacting the growth rate adjusted for comparable units and currency by -6%.
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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.