Ericsson Gets a Lift From North American Demand

Ericsson reported better-than-expected revenue on a big jump in North American sales. The Sweden-based telcom equipment maker's overall revenue dropped 7% year-over-year, but was 15% higher in North America. The news helped send American depositary receipts (ADRs) of Ericsson to their highest level in nearly two years. American depositary receipts (ADRs) of Ericsson (ERIC) rose to their highest level in almost two years Friday after the telecom equipment manufacturer posted stronger-than-expected sales in N ...