Shares of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) opened Thursday's trading 11. 3% higher, boosted by a strong earnings report. The telecom equipment maker's stock backed down slightly from that early peak, but remained 8. 2% above Wednesday's closing price as of 1: 12 p. m. The average Wall Street analyst expected significantly lower Q3 earnings and revenues on a year-over-year basis.
POLARIS INSIGHTS