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Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) rose sharply in today's pre-market trading following first-quarter results.

Ericsson reported that its first-quarter adjusted operating earnings, excluding restructuring charges, jumped 44% year-over-year to 6.2 billion Swedish crowns ($636 million). Its net sales rose 3% year-over-year to 55 billion crowns during the quarter.

Ericsson shares jumped 6.9% to $7.96 in pre-market trading

Here are some other stocks moving in pre-market trading.

Gainers

• Splash Beverage Group, Inc. (NYSE:SBEV) rose 99.2% to $2.75 in pre-market trading after declining around 4% on Monday.
• Synergy CHC Corp. (NASDAQ:SNYR) surged 55.3% to $2.78 in pre-market trading.
• ARB IOT Group Limited (NASDAQ:ARBB) gained 42.5% to $0.9120 in pre-market after the company secured approximately $53.0 million order for supplying AI servers.
• SUNation Energy Inc. (NASDAQ:SUNE) rose 17.8% to $0.0338 in pre-market trading after jumping around 28% on Monday.
• CISO Global Inc. (NASDAQ:CISO) jumped 17.2% to $0.4699 in pre-market trading after jumping 19% on Monday.
• USA Rare Earth, Inc. (NASDAQ:USAR) surged 16.6% to $13.70 in pre-market trading after gaining 41% on Monday.
• Lionsgate Studios Corp. (NASDAQ:LION) rose 14% to $7.10 in pre-market trading.
• LXP Industrial Trust (NYSE:LXP) gained 10.7% to $8.50 in pre-market trading.
• Gamehaus Holdings Inc. (NASDAQ:GMHS) gained 9.5% to $1.46 in pre-market trading after gaining 23% on Monday.

Losers

• DiaMedica Therapeutics Inc. (NASDAQ:DMAC) fell 52% to $1.70 in pre-market trading.
• Unifi, Inc. (NYSE:UFI) shares tumbled 37.6% to $3.01 in pre-market trading after gaining around 4% on Monday.
• GeoVax Labs, Inc. (NASDAQ:GOVX) fell 34.6% to $1.55 in pre-market trading after the company announced it received a notification from Advanced Technology International to stop all work on its efforts with respect to Project Agreement No. 01; RRPV-24-04-NGVx-006; “NextGen Vaccinations: Phase 2B Clinical Trial Execution: Phase 2b study to evaluate GEO-CM04S1 COVID-19 vaccine”
• United Security Bancshares (NASDAQ:UBFO) shares fell 34.1% to $5.00 in pre-market trading.
• NAYA Biosciences, Inc. (NASDAQ:NAYA) shares fell 24.7% to $1.70 in pre-market trading. NAYA Biosciences is rebranding as INVO Fertility, and separating fertility and oncology divisions into distinct public and private entities.
• Emerald Holding, Inc. (NYSE:EEX) fell 12.3% to $3.11 in today's pre-market trading.
• Allegro MicroSystems, Inc. (NASDAQ:ALGM) fell 12.3% to $19.29 in pre-market trading after ON Semiconductor withdrew its acquisition proposal.
• Arlo Technologies, Inc. (NYSE:ARLO) shares dipped 11.7% to $8.01 in pre-market trading. Arlo Technologies will hold a conference call on Thursday, May 8 to discuss the Company’s first quarter results.
• IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) dipped 11.2% to $12.32 in pre-market trading after gaining around 9% on Monday.
• Applied Digital Corporation  (NASDAQ:APLD) declined 10.8% to $4.79 in pre-market trading following weak quarterly revenue.

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