Stocks making the biggest moves premarket: Big Lots, Hibbett, Pinduoduo and others

The companies are making news before the bell.

The discount retailer's shares plummeted in the premarket after missing Wall Street forecasts for earnings and revenue. The company reported a larger-than- expected slump in comparable-store sales and issued cautious full-year guidance.

The sporting goods retailer's stock fell in premarket trading after falling short of analysts' profit and sales estimates. In the year-ago quarter when theStimulus payments helped boost spending, customers had less discretionary income.

The China-based e-commerce platform operator's quarterly results were better than expected as China's Covid-19 lockdowns helped boost online spending. Pinduoduo was up 8.8% in premarket action.

The cannabis producer reported a wider-than- expected quarterly loss, with revenue that also fell short of analyst forecasts. The company said it will be profitable on an adjusted basis. Canopy Growth fell in premarket trading.

The warehouse retailer's profit margins shrank due to increased costs for labor and freight, even though it beat top and bottom-line estimates. The price of certain food items was going to be increased. Its stock fell in the premarket.

Dell Technologies surged 9.8% in premarket trading, following better-than- expected profit and revenue for its latest quarter. Demand for desktop and laptop computers increased, which helped the computer hardware maker.

Gap shares fell 17.8% premarket after the apparel retailer slashed its full-year earnings forecast and posted a wider-than- expected quarterly loss. Gap's results were hit by higher costs for shipping and deeper levels of discounting.

The cosmetics retailer beat Street forecasts with its latest quarterly report and issued an upbeat outlook. Demand for beauty products helped the store.

American Eagle plummeted in premarket trading after its quarterly profit and revenue fell short of expectations. The CEO of the apparel retailer said the quarter was challenging with demand well below the company's expectations.

The restaurant chain's shares surged 12.9% in premarket action after it reported a smaller-than- expected quarterly loss and revenue that exceeded analyst forecasts. Red Robin updated its guidance due to the effects of inflation.