Ericsson Shares Rise 9.7% as Q3 Revenue Grows 6%
Ericsson reported a 7% increase in organic sales and revenues of SEK 59.5bn. Networks sales rose 9% to SEK 38.7bn, while its shares were up 9.7% at SEK 107.60 in Stockholm by 1140 BST.
Ericsson's A shares were up 9.7% at SEK 107.60 in Stockholm by 1140 BST after the company reported a 7% increase in organic sales, with reported revenues rising 6% to SEK 59.5bn.Growth was led by its Networks division, where sales increased 9% to SEK 38.7bn, supported by the timing of project deliv…