06:30 AM EDT, 10/15/2024 (MT Newswires) -- Ericsson (ERIC) shares rose more than 9% in recent pre-market activity Tuesday after reporting Q3 earnings of 1.14 Swedish kroner ($0.11) per diluted share, swinging from a loss of 9.21 kroner a year earlier.

Analysts polled by Capital IQ expected 0.95 kroner.

Net sales for the quarter ended Sept. 30 was 61.80 billion kroner, down from 64.5 billion kroner a year earlier.

Analysts surveyed by Capital IQ expected 61.63 billion kroner.

Price: 8.26, Change: +0.72, Percent Change: +9.55