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Benzinga
Benzinga
Business
Anusuya Lahiri

Ericsson CEO Says Margins Hit New Highs Despite Ongoing Tariff Pressures

ERIC Ericsson Börje Ekholm Networks Enterprise
Stockholm,,Sweden,-,October,8,,2021:,An,Office,Building,At

Ericsson (NASDAQ: ERIC) shares surged over 14% Tuesday after the Swedish telecom giant reported stronger-than-expected third-quarter earnings.

The earnings signaled a significant financial rebound for the telecom powerhouse despite ongoing macroeconomic headwinds and a decline in overall sales.

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