Reported 19 days ago
Ericsson's shares rose over 13% after the company reported quarterly earnings that exceeded expectations, despite a 9% drop in net sales year-over-year. The telecoms equipment maker attributed its strong performance to cost savings and a solid position in North America, particularly through a significant deal with AT&T. While overall sales in the Americas slowed compared to a strong previous year, Ericsson's adjustments and future outlook remain optimistic, downplaying the impact of U.S. tariffs.
Source: YAHOO