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Why Ericsson Stock Soared Today
The Motley Fool·
Ericsson's stock surged 9.76% on Thursday after beating Q3 earnings expectations with revenues up 5.9% and earnings per share at 1.77 SEK, outpacing analyst forecasts. However, CEO Per Narvinger warned of headwinds ahead, citing flat RAN equipment demand and rising component costs, describing 2027 as a 'transition period.' The stock remains 10% below pre-Q2 report levels despite today's gains.
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