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

We recently published 10 Stocks Delivering Double-Digit Gains Effortlessly; 4 Hit Highs. Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) was one of the best performers on Friday.

Ericsson rallied to a new three-year high on Friday, as investors took heart from a strong earnings performance last year and a planned buyback program amounting to 15 billion Swedish krona in a bid to boost investor value.

At intra-day trading, the stock jumped to its highest price of $10.53 before trimming gains to end the session just up by 8.87 percent at $10.43 apiece.

In an updated report, Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) said that it grew its net income for the full-year period by more than 7,000 percent to 28.7 billion Swedish krona from only 400 million Swedish krona in 2024.

Net sales, on the other hand, dipped by 4.5 percent to 236.7 billion Swedish krona from 247.9 billion Swedish krona year-on-year.

In the fourth quarter alone, Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) grew its net profit by 76 percent to 8.6 billion Swedish krona from 4.9 billion Swedish krona in the same period in 2024, while net sales dipped by 5 percent to 69.3 billion Swedish krona from 72.9 billion Swedish krona.

Looking ahead, Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) announced plans to repurchase 15 billion Swedish krona worth of its shares, which will begin upon the publication of its earnings report for the first quarter of 2026.

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Disclosure: None. This article is originally published at Insider Monkey.