Ericsson (ERIC) Touches 3-Year High on Strong Earnings

Core Viewpoint - Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has shown strong performance, reaching a three-year high due to impressive earnings and a planned share buyback program of 15 billion Swedish krona [1][5]. Financial Performance - The company reported a net income increase of over 7,000 percent, rising to 28.7 billion Swedish krona from 400 million Swedish krona in 2024 [2]. - In the fourth quarter, net profit grew by 76 percent to 8.6 billion Swedish krona from 4.9 billion Swedish krona year-on-year, despite a 5 percent decline in net sales to 69.3 billion Swedish krona from 72.9 billion Swedish krona [4]. - Overall net sales for the full year decreased by 4.5 percent to 236.7 billion Swedish krona from 247.9 billion Swedish krona [3]. Stock Performance - During intra-day trading, Ericsson's stock peaked at $10.53 before closing at $10.43, reflecting an increase of 8.87 percent [2].