Shares of Ericsson (ERIC) were gaining around 8 percent in the morning trading in Sweden after the telecom equipment maker reported Friday higher profit and sales in its second quarter with limited impact from Covid-19 pandemic.
Looking ahead, the company maintained its Group targets for 2020 and 2022 with the current visibility, even though the effects of Covid-19 create uncertainties. The company said it remains positive on the longer-term outlook.
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Business News
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.