FinanceQuartzabout 1 hour ago
Ericsson Stock Jumps 11% on Profit Beat
2 min read
Ericsson reported adjusted EBITA of 10.1 billion Swedish kronor for the third quarter, beating analyst forecasts of 7.93 billion. The stock rose as much as 11% in Stockholm on Thursday, marking its biggest single-day advance since Jan. 23. Reported sales reached 59.5 billion kronor, up from 56.2 billion a year earlier, driven by higher sales in Networks.
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