ERIC

Ericsson's (ERIC) industry-leading portfolio will modernize Telia's 4G networks in Sweden and Estonia to provide 5G services across a network of 10,000 cellular sites.

Companies in the news are: ERIC, IPG, NDAQ, AVY

As Apple and the telecommunications industry begin to roll out fifth-generation connectivity, market analysts discuss ways to play the burgeoning theme.

Ericsson's (ERIC) third-quarter 2020 results reflect growth in 5G deployments in North-East Asia and North America.

Ericsson stock jumped more than 7% on Wednesday, as the Swedish telecoms company beat sales and profit expectations in the third quarter, helped by 5G contracts in China.

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Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) moved higher by 8% in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share rose 205.26% year over year to $0.20, which beat the estimate of $0.16.Revenue of $6,477,000,000 rose by 13.37% year over year, which beat the estimate of $6,440,000,000.Guidance Telefonaktiebolaget L M hasn't issued any earnings guidance for the time being.Telefonaktiebolaget L M hasn't issued any revenue guidance for the time being.Details Of The Call Date: Oct 21, 2020View more earnings on ERICTime: 03:00 AMET Webcast URL: https://www.ericsson.com/en/investors/events-and-presentationsPrice Action 52-week high: $12.10Company's 52-week low was at $6.15Price action over last quarter: Up 4.49%Company Profile Ericsson is leading supplier within the telecommunications equipment sector. The company's three major operating segments are networks, digital services, and managed services. Ericsson sells hardware, software, and services primarily to communication service providers while licensing patents to handset manufacturers. The Stockholm, Sweden-based company derives sales worldwide and had 95,000 employees as of June.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Earnings Scheduled For October 21, 2020 * Stocks That Hit 52-Week Highs On Thursday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.