Ericsson ADRs Up 5.4% After Quarterly Results
October 17 2019 - 12:13PM
Dow Jones News
By Michael Dabaie
ADRs of Swedish telecommunications equipment company Ericsson AB
(ERIC) rose 5.4% to $9.08 in heavy volume late Thursday
morning.
The company said its third-quarter net sales were 57.1 billion
Swedish kronor ($5.9 billion), up 6% from SEK53.8 billion a year
earlier.
Ericsson raised its sales target for 2020 to SEK230 billion to
SEK240 billion, from the previous target of SEK210 billion to
SEK220 billion.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
October 17, 2019 11:58 ET (15:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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