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Ericsson profit beats expectations on 5G demand despite China setback By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO: The Ericsson logo can be seen in its Stockholm headquarters, Sweden on June 14, 2018. REUTERS/Olof Schwahnberg

STOCKHOLM: Sweden’s Ericsson reports third quarter core earnings. This is in line with market estimates. The strong 5G sales in the majority of countries offset a decrease in China market share.

Refinitiv estimates show that adjusted operating earnings for the quarter rose from 8.6 million a year earlier to 8.8 billion. That’s more than half of what was forecasted at 7.85 billion.

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