Ericsson posted stronger-than-expect ed third-quarter earnings on Monday, benefiting from heavy network traffic and emerging unscathed from the financial turmoil roiling world markets.
Ericsson, which had been scheduled to unveil quarterly earnings next Friday, made an operating profit of 5.7 billion Swedish crowns ($772.5 million) excluding restructuring charges. The firm, the world's biggest telecom network equipment maker, did not say why it released the numbers four days early.
The result compared with a year-earlier total of 5.6 billion crowns and with forecasts in a Reuters poll of 4.0 billion excluding restructuring charges.
"Our financial position is strong with healthy net cash and high payment readiness. Our business in the quarter has not been impacted by the financial turmoil," Ericsson Chief Executive Officer Carl-Henric Svanberg said in a statement.