STOCKHOLM (AP) _ Ericsson (ERIC) on Wednesday reported third-quarter net income of $603.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Stockholm-based company said it had net income of 18 cents. Earnings, adjusted for restructuring costs and amortization costs, came to 20 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The telecommunications equipment provider posted revenue of $6.48 billion in the period.

Ericsson shares have increased 27% since the beginning of the year. The stock has risen 22% in the last 12 months.

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