Stocks making the biggest moves premarket: Macy’s, Twitter, Medtronic and more

The companies are making news before the bell.

After reporting better-than-expected profit and revenue for the first quarter, Macy's surged 15% in the premarket. Results got a boost from strong apparel demand as people returned to work.

Dollar General shares were up 10.1% in premarket trading after the company's quarterly results beat expectations and comparable-store sales fell less than expected. Dollar General boosted its same-store sales forecast as more shoppers turn to discount stores.

Dollar Tree reported better-than- expected top and bottom-line results for its latest quarter, with comparable-store sales doubling Street forecasts. Dollar Tree jumped in premarket trading.

Following news that Musk will commit more of his own wealth to finance his $44 billion takeover deal for the company, the shares of Twitter rose 5.6% in the premarket. Musk committed $33.5 billion in equity, up from $27.25 billion.

The impact of global supply chain issues was felt in the company's latest quarterly results. The company fell in the premarket.

The China-based e-commerce giant's latest quarterly earnings and revenue beat analyst estimates, helped by increased online demand. The shares of the Chinese company added 4.5% before the market opened.

Despite a negative impact from Covid lockdowns in China, the search engine giant beat estimates in its latest quarter. The growth of its cloud-based services was strong during the quarter.

The graphics chip maker issued a weaker-than- expected guidance for its current quarter, pointing to supply chain issues and slower business in Russia. The company reported better-than- expected revenue and profit.

Williams-Sonoma jumped 8.2% in premarket trading, following a quarterly earnings and revenue beat and a comparable-sales increase that more than tripled consensus estimates. Unlike many other retailers, the home furnishings retailer expects profit margins to hold steady.

The cloud data platform provider said some of its customers are spending more cautiously because of an uncertain macroeconomic environment. The shares fell in premarket action.

The cloud computing company's stock plunged in premarket trading after it issued a weaker-than- expected forecast. Supply chain issues were one of the factors cited by Nutanix.