BUZZ — Ericsson tops STOXX 600 after Q3 beat 'well above normal seasonality'

* Shares in Ericsson rise about 9% after the Swedish telecom gear maker reported Q3 results above estimates * Its quarterly net sales SEK 59.5 billion ($5.9 billion) beat LSEG poll of SEK 55.4 billion * Jefferies says this is "well above normal seasonality", adding the strength comes mainly from Ericsson's networks unit, whose sales grew 17% q/q * J.P. Morgan adds strong network sales in India and Japan coupled with ongoing cost optimisation also drove the beat * "Ericsson's better-than-expected momentum and its lack of AI exposure could make it more resilient in current market conditions," Jefferies says * The stock heads for its biggest single-day rise in 9 months if gains persist * Shares top STOXX 600 index ($1 = 9.9768 Swedish crowns) (Reporting by Vera Dvorakova) ((mailto:gdansk.newsroom@thomsonreuters.com; +48 58 7696600;)