Ericsson Reports Surge on Falling Stock Market
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Ericsson posted a positive performance in the third quarter, thanks to strong demand for mobile network equipment in its key markets.
The Stockholm Stock Exchange is falling back on Thursday morning. Ericsson rises sharply after a strong quarterly report, while Nordea and Kinnevik fall after their interim figures. At the same time, Atlas Copco and ABB fall sharply after new AI concerns have swept the market.
The Stockholm Stock Exchange falls sharply at the opening. Against the current goes reporting Ericsson, which is up 9 percent. After sharp falls in leading Asian markets, the Stockholm Stock Exchange follows suit. The OMXS index is down 0.9 percent. Among the major companies, strong price movements are noticeable in the two reporting companies. Ericsson is up just over 9 percent after beating market expectations. It is all the more difficult for…
The Stockholm Stock Exchange falls back on Thursday. Ericsson rises sharply after a strong quarterly report, while Nordea and Kinnevik fall after their interim figures.
The share price surges 8 percent after a stronger-than-expected quarterly report. However, telecom manufacturer Ericsson sees higher costs as it competes with AI companies for the same components. –There is tremendous growth on the AI side and that means that the price of, for example, memories has gone up tremendously, says CEO Per Narvinger.
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