Why Ericsson Stock Jumped to Multiyear Highs Today

Key Points Ericsson's earnings per share nearly tripled year over year, crushing analyst expectations. The Swedish telecom equipment maker's stock soared over 20% to multiyear highs not seen since 2022. Swedish media called Ericsson's third-quarter report "guldkantad" (gilded) after the company beat estimates across the board. 10 stocks we like better than Telefonaktiebolaget Lm Ericsson (publ) › Shares of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) soared on Tuesday, while Wall Street suffere ...