Swedish Telecom Operator Ericsson Shows Robust Performance

12 days ago

Louise Moon

"Yes, Erikson, obviously the the Swedish telecoms group. Their shares were up last time I looked over 13%. So that's the most since April, back to levels last seen in February. That's after their third quarter results. Essentially, they beat estimates uh across the board. And analysts are saying that they're impressed by what they're calling robust profitability and they particularly note the good margin. So essentially that Erikson is operating well in what is quite a tough environment at the moment in the telecom space."

Louise Moon details how Ericsson (referred to as Erikson) exceeded Q3 estimates with robust profitability and good margins. Despite a tough telecom environment, cost cutting and operational efficiencies have helped the company’s performance, reflected in a significant share price jump.

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