Though Nokia is lower following its Q3 report
, Ericsson (ERIC +2.1%
) and Alcatel-Lucent (ALU +4.2%
) appear to be rallying because of it, thanks to the relatively positive results posted for rival Nokia Siemens. Not only did the long-struggling telecom equipment firm see a €409M Q/Q operating profit swing
(aided by restructuring efforts), its revenue rose 3% Y/Y, a nice reversal from Q2's 8% drop. A 29% increase in Asia-Pac sales was responsible for the growth.