09:56 AM EDT, 10/14/2025 (MT Newswires) -- Ericsson (ERIC) shares were up nearly 16% in recent Tuesday trading after the company reported higher Q3 earnings and announced a new five-year deal with Vodafone ( VOD ) .

Ericsson reported Q3 earnings of 3.33 Swedish krona ($0.35) per diluted share, up from 1.14 krona a year earlier. Analysts polled by FactSet expected 2.67 krona. Net sales for the quarter ended Sept. 30 were 56.24 billion krona, down from 61.79 billion krona a year earlier. Analysts surveyed by FactSet expected 56.47 billion krona.

Separately, Ericsson said it will upgrade Vodafone's ( VOD ) mobile networks across several markets, becoming the exclusive radio access network supplier in Ireland, the Netherlands and Portugal, as well as a key vendor in Germany, Romania and Egypt.

Vodafone ( VOD ) will begin deploying Ericsson's 5G technology in Germany in Q4, the company said.

Vodafone ( VOD ) shares were up 1.2% in recent trading.

Price: 9.48, Change: +1.31, Percent Change: +15.97