Ericsson shares jump 10% on third-quarter beat, growth in North America sales
Publishing timestamp: 2024-10-15 07:27:57
Summary
Ericsson reported better-than-expected third-quarter earnings, with strong growth in North America offsetting declines in Asia. The company's stock jumped 10% in London trading. CEO Brje Ekholm expressed optimism about the market stabilizing and highlighted the boost from a contract with AT&T. Adjusted gross margin improved to 46.3%, prompting positive outlook comments from analysts.
Sentiment: POSITIVE
Tickers: ERIC'B-SK,
Keywords: markets, telecommunications, breaking news: markets, business news,