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

1. Ericsson's Q4 2024 sales rose 1% year-over-year to 72.9 billion SEK. 2. North American sales surged 54%, impacting overall performance positively. 3. However, EPS missed analyst estimates, contributing to an 8.7% stock drop. 4. Overall sales of $6.77 billion were below the estimated $6.93 billion. 5. Market reaction was negative, with Ericsson shares falling to $8.13.