Ericsson tops STOXX 600 after Q3 beat 'well above normal seasonality'

** Shares in Ericsson ERICb.ST rise about 9% after the Swedish telecom gear maker reported Q3 results above estimates

** Its quarterly net sales SEK 59.5 billion ($5.9 billion) beat LSEG poll of SEK 55.4 billion

** Jefferies says this is "well above normal seasonality", adding the strength comes mainly from Ericsson's networks unit, whose sales grew 17% q/q

** J.P. Morgan adds strong network sales in India and Japan coupled with ongoing cost optimisation also drove the beat

** "Ericsson's better-than-expected momentum and its lack of AI exposure could make it more resilient in current market conditions," Jefferies says

** The stock heads for its biggest single-day rise in 9 months if gains persist

** Shares top STOXX 600 index .STOXX

($1 = 9.9768 Swedish crowns)