Ericsson (NASDAQ: ERIC) shares surged sharply on Tuesday after the Swedish telecom and software services provider posted quarterly earnings that exceeded analyst expectations. The company’s stronger-than-expected third-quarter results, combined with management’s upbeat outlook and comments on shareholder returns, drove a rally of nearly 20% in its US-listed shares. The company’s B shares (SE:ERIC.B), which are more actively traded in Sweden, climbed 18% to SEK 91.94, marking one of the stock’s strongest single-day gains this year. Ericsson reported net profits of 11.15 billion Swedish krona, beating analysts’...
Friday 17 October 2025
wn.com - 3 days ago
Ericsson shares surge 19% after earnings beat and optimistic outlook
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