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Ericsson shares surge as Q3 results beat expectations

Bloomberg ·

T AT&T Inc
$23.44 -0.26%
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  1. 1Ericsson AB recorded an adjusted EBITDA of 10.1 billion Swedish krona (approximately 1 billion dollars) during the period.
  2. 2Ericsson AB shares rose by up to 11% in Stockholm.
  3. 3Ericsson signed a 14 billion dollar five-year contract in 2023.

So what's the key point?

Ericsson AB earned more money than experts expected. Following this news, the stock price rose by up to 11%.

Source Bloomberg · View original ↗

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