Ericsson (ERIC) reported Q3 earnings Tuesday of 3.33 Swedish krona per diluted share, up from 1.14 krona a year earlier.

Analysts polled by FactSet expected 2.67 krona.

Net sales for the quarter ended Sept. 30 were 56.24 billion krona, down from 61.79 billion krona a year earlier.

Analysts surveyed by FactSet expected 56.47 billion krona.

Shares of the company were up more than 14% in recent premarket activity.