Ericsson Shares Surge More Than 10% in Early Stockholm Trade
Investors welcomed strong growth in network-gear sales, shrugging off Ericsson’s warning that higher component costs will pressure profitability next year.
By Dominic ChoppingSTOCKHOLM--Ericsson shares surged Thursday as investors cheered strong growth in sales of network gear, shrugging off a company warning that higher component costs will be a headwind to profitability next year.Shares rose over 10% in early Stockholm trade.The Swedish telecommunic…