Ericsson reported strong first-quarter earnings, surpassing expectations with an adjusted EBIT of SEK 4.31 billion, significantly higher than the estimated SEK 2.01 billion. Despite a decline in net sales to SEK 53.33 billion, which fell short of the anticipated SEK 54.83 billion, the company's profits were bolstered by higher margins and a one-off payment from the resolution of a commercial dispute. Notably, sales in key mobile networks dropped by 21%, with further declines expected in 2024. However, Ericsson remains optimistic, forecasting sales stabilization in the second half of the year, driven by renewed customer spending. Ericsson shares rose as the company also reported a gross margin beat.