Sentiment: Positive
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Ericsson Stock Jumps 8% Even as Q3 Profit Drops 36%
By Trader Edge at 2026-11-06 14:21
Sentiment: Positive
TLDR Ericsson (ERICb) stock rose 8% Thursday after Q3 sales topped forecasts. Net sales rose 6% to 59.5 billion crowns, versus 55.4 billion expected. Adjusted EBITA fell 36% to 10.1 billion crowns but beat the 7.87 billion forecast. New CEO Per Narvinger warned that component costs will pressure margins next year. Q4 guidance calls for [...] The post Ericsson Stock Jumps 8% Even as Q3 Profit Drops 36% appeared first on CoinCentral. Continue reading...
Categories: News
Tags: #News #Stocks
Source Coin Central