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Swedish telecommunications company
Telefonaktiebolaget LM Ericsson, commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm. Ericsson has been a major contributor to the development of the telecommunications industry and is one of the leaders in 5G. Ericsson has over 57,000 granted patents, and it is the inventor of Bluetooth technology.
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Investing.com-- Telefonaktiebolaget LM Ericsson (ST:ERICb) shares surged more than 8% Thursday after the Swedish telecom reported better-than-expected sales for the third quarter.
Ericsson reports Q3 profit beat with rising component costs. The company warns of margin impacts next year amid continued geopolitical and market uncertainty.
Ericsson lifted third-quarter sales 6 percent to SEK 59.5 billion. Ericsson stock costs EUR 9.45 on