Ericsson reported better-than-expected earnings for the third quarter of 2024, driven by a strong performance in North America. The Swedish telecom equipment maker posted an adjusted EBIT of SEK 7.33 billion, surpassing the estimated SEK 5.57 billion. Net sales reached SEK 61.79 billion, slightly above the forecasted SEK 61.45 billion. The company's net profit was SEK 3.81 billion, and GAAP EPS stood at $0.11. Additionally, the adjusted operating margin was 11.9%. The company attributed its success to a significant contract with US carrier AT&T and a rebound in demand for 5G equipment in North America. Despite this growth, Ericsson noted that sales in South East Asia and India had declined. The company's stock price rose by more than 5% following the earnings report, reflecting investor confidence in its future prospects.