Ericsson Stock Surges. How AT&T Is Helping the Telecoms Equipment Supplier. -- Barrons.com

Barron's54minutes ago

Cooperation with AT&T is showing results, lm ericsson telephone Q3 profit far exceeds expectations.

lm ericsson telephone (ERIC.US) third-quarter profits exceeded market expectations.

Zhitong Finance05:58 ET

Ericsson Soars on Strong US Growth as AT&T Deal Pays off

The Edge Markets05:11 ET

lm ericsson telephone's third-quarter performance exceeded expectations, with signs of demand recovery appearing.

Swedish lm ericsson telephone announced on Tuesday that its core profit and sales in the third quarter exceeded expectations, benefiting from the rebound in demand for 5G equipment in North America. The company stated that the telecommunications equipment market is showing signs of improvement. The company's stock price surged 9% in early trading, reaching its highest level since April 2022. Over the past two years, the decline in demand from North American mobile operators has hit lm ericsson and nokia oyj, forcing these companies to seek growth in emerging markets such as India, often at the cost of sacrificing profits. In the third quarter, lm ericsson's net sales decreased by 4% to 61.8 billion Swedish kronor (59.

Global Market Broadcast03:52 ET

Ericsson CFO: Expects AT&T Deployment Ramp-Up to Normalize a Little in 4Q and Into Next Year

Dow Jones03:27 ET

Ericsson CEO: AT&T Deal Is Important in Helping North America Sales Returning

Dow Jones01:51 ET