Ericsson Turns To Q3 Profit, Sees Signs Of Stabilizing Market; Stock Climbs

Shares of LM Ericsson were gaining more than 8 percent in the early morning trading in Stockholm as well as in pre-market activity on the Nasdaq after the Swedish telecom major reported a profit in its third quarter, compared to prior year's loss, even as sales declined. Looking ahead, Borje Ekholm, President and CEO, said, "We see increasing customer momentum around programmable networks that...

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