Why Is Ericsson Stock Soaring Tuesday? - Telefonaktiebolaget L M (NASDAQ:ERIC)

Why Ericsson Stock Jumped to Multiyear Highs Today @themotleyfool #stocks $ERIC $^GSPC

Key PointsEricsson's earnings per share nearly tripled year over year, crushing analyst expectations.The Swedish telecom equipment maker's stock soared over 20% to multiyear highs not seen since 2022.Swedish media called Ericsson's third-quarter report "guldkantad" (gilded) after the company beat estimates across the board.10 stocks we like better than Telefonaktiebolaget Lm Ericsson (publ) › Shares of Telefonaktiebolaget LM Ericsson (NASDAQ: ER…

Ericsson's Shares Soar Amid Earnings Growth and U.S. Success

Ericsson's Shares Soar Amid Earnings Growth and U.S. Success Shares of Ericsson rose significantly by more than 13% as the Swedish telecoms giant outperformed earnings predictions for the quarter, assuaging fears regarding U.S. tariffs. The adjusted EBIT, not accounting for restructuring charges, reached 15.4 billion Swedish crowns, surpassing the 14.1 billion expected by analysts.Ericsson has maintained a competitive edge over its Nordic counte…

Why Is Ericsson Stock Soaring Tuesday? - Telefonaktiebolaget L M (NASDAQ:ERIC)

Ericsson (NASDAQ: ERIC) shares jumped 14% after strong Q3 earnings, driven by high margins and cost savings.