Ericsson Posts Weak Results, Joins East West Bancorp And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Market Overview - US stock futures were slightly lower with Nasdaq futures falling around 0 1% [1] - Ericsson shares fell sharply in pre-market trading after reporting Q4 2024 results [1] Ericsson Performance - Ericsson's sales grew 1% YoY to 72 9 billion Swedish Krona driven by 54% growth in the North American market [2] - In USD Ericsson's sales of $6 77 billion missed the analyst consensus estimate of $6 93 billion [2] - EPS of SEK 1 44 versus SEK 1 02 YoY in USD EPS of $0 13 missed the analyst consensus estimate of $0 19 [2] - Ericsson shares tumbled 8 7% to $8 13 in pre-market trading [2] Other Stocks in Pre-Market Trading - Mineralys Therapeutics shares dipped 29 8% to $7 20 [3] - First Financial Bancorp declined 13 8% to $24 11 after reporting Q4 results [3] - Valens Semiconductor fell 12% to $2 58 after declining 3% on Thursday [3] - Acacia Research Corporation fell 11 7% to $3 86 [3] - Semler Scientific shares dipped 10 9% to $54 49 after providing preliminary Q4 guidance and proposing a $75 million private offering [3] - The Manitowoc Company shares tumbled 10 2% to $8 95 [3] - Arcus Biosciences shares fell 9 9% to $12 01 [3] - East West Bancorp shares declined 6 6% to $96 64 after reporting worse-than-expected Q4 earnings [3]