Ericsson is trading at $10.37, up 8.19%, after its third-quarter earnings beat analyst forecasts.

  • On October 15, Ericsson reported adjusted EBITA of SEK 10.1 billion, above the SEK 7.87 billion analyst forecast; organic sales rose 7%, also beating expectations.
  • Bloomberg attributed the share jump to the earnings beat and solid demand for mobile-network equipment.
  • Ericsson warned that higher component costs would affect margins next year.