The company said it released earnings early because they were significantly better than expected. This time last year, Ericsson also had to make an early earnings statement -- but for the opposite reason.

It was a year ago almost to the day that Ericsson stunned the market with weak quarterly earnings and margins, due mostly to a collapse in higher-margin network expansions and upgrades. It led to months of sliding Ericsson share prices.

This was the third consecutive quarter that Ericsson has topped forecasts and Chief Executive Officer Carl-Henric Svanberg was upbeat.Svanberg said that with current financial conditions, it was difficult to predict how telecom operators would act.

"Given the present market conditions, we will continue with cost adjustment activities in the fourth quarter, although at a slightly lower pace," he said.

Ericsson's profitability stands in contrast to some of its rivals. Nokia Siemens Networks reported an operating loss of 1 million euros ($1.4 million) last week, although that was much narrower than the 120 million lost a year earlier.

By: DocMemory
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