STOCKHOLM (Reuters) - Sweden's Ericsson on Wednesday reported quarterly core earnings that beat market estimates, helped by higher margins across its businesses, and said it was "more confident" in meeting its 2020 targets.
Ericsson's 5G contract wins have touched 112 as more telecom operators are rolling out the next-generation network and as diplomatic pressure from the United States is pushing out China's Huawei from more countries.
Third-quarter adjusted operating earnings rose to 9.0 billion Swedish crowns ($1.0 billion) from 6.5 billion a year ago, beating the mean forecast of 6.98 billion crowns, according to Refinitiv estimates.
Total revenue rose 1% to 57.5 billion crowns.
"While the pandemic has hurt revenues for several of our customers, and in some cases this has led to a reduction of capex, we have not seen any ...
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