Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) rose sharply in today's pre-market trading following better-than-expected quarterly results.

Ericsson reported quarterly earnings of 11 cents per share which beat the analyst consensus estimate of 8 cents per share. The company reported quarterly sales of $6.110 billion which beat the analyst consensus estimate of $5.719 billion.

Ericsson shares jumped 8.9% to $8.21 in the pre-market trading session.

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

Gainers

• Digital Brands Group, Inc. (NASDAQ:DBGI) rose 115.8% to $0.3450 in pre-market trading after declining over 7% on Monday.
• Banzai International, Inc. (NASDAQ:BNZI) gained 54.1% to $5.70 in pre-market trading after declining 16% on Monday.
• Gritstone bio, Inc. (NASDAQ:GRTS) shares surged 26.9% to $0.0685 in pre-market trading after gaining over 6% on Monday.
• DDC Enterprise Limited (NYSE:DDC) gained 25.5% to $0.3805 in pre-market trading.
• Wolfspeed, Inc. (NYSE:WOLF) rose 21.3% to $13.80 in pre-market trading. Wolfspeed announced $750 million in proposed funding from U.S. CHIPS Act and additional $750m from investment group led by Apollo, galvanizing global leadership in delivering next-generation silicon carbide technology.
• Rani Therapeutics Holdings, Inc. (NASDAQ:RANI) shares jumped 12% to $3.56 in pre-market trading after gaining around 57% on Monday.
• Bright Minds Biosciences Inc. (NASDAQ:DRUG) climbed 11.7% to $2.78 in pre-market trading after jumping 132% on Monday.
• Borealis Foods Inc. (NASDAQ:BRLS) shares rose 9.7% to $5.87 in pre-market trading after declining around 8% on Monday.
• Trump Media & Technology Group Corp. (NASDAQ:ERIC) gained 9.7% to $32.87 in pre-market trading. Trump Media & Technology Group shares jumped around 18% on Monday after the company announced the launch of its Truth+ TV streaming service.

Losers

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