Ericsson Stock Soars as North American Sales Drive Strong Earnings

Key Takeaways A jump in North American sales helped Ericsson's third-quarter earnings and revenue beat analysts' estimates. The Swedish telecom said North American sales were up 51% from a year ago on recent contract wins and investments by some large customers. The company said it sees the North American market stabilizing. Ericsson's (ERIC) U.S.-listed shares surged Tuesday after the communications technology provider reported better-than-expected results on strong sales in North America. The Swedish tele ...