STOCKHOLM (AP) — STOCKHOLM (AP) — Ericsson (ERIC) on Tuesday reported third-quarter net income of $366.1 million.

On a per-share basis, the Stockholm-based company said it had profit of 11 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The telecommunications equipment provider posted revenue of $5.93 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $5.73 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERIC at https://www.zacks.com/ap/ERIC