12:45 PM EDT, 10/15/2024 (MT Newswires) -- (Updates with latest stock price movement in the first paragraph.)

Ericsson (ERIC) shares rose 13% in recent Tuesday trading 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 in the quarter ended Sept. 30 fell to 61.8 billion kroner from 64.5 billion kroner a year earlier.

Analysts surveyed by Capital IQ expected 61.63 billion kroner.

Price: 8.54, Change: +1.00, Percent Change: +13.20