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Stocks making the biggest moves premarket: Snowflake, Boeing, Apple and more

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Check out the companies making headlines in premarket trading.

Snowflake — The cloud data company’s shares jumped more than 13% after the company reported quarterly results that beat revenue estimates. Snowflake also reported sales of $334 million during the third quarter, which exceeded the $306 million expected by analysts surveyed by Refinitiv.

Boeing — Shares of the aircraft maker rose 4.4% after China’s aviation regulator cleared the Boeing 737 Max to return to flying on Thursday. That model was grounded for more than two years worldwide after two fatal crashes.

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Signet Jewelers — Shares of Signet Jewelers gained about 3% in the premarket after the company posted a better-than-expected earnings report. Signet notched a profit of $1.43 per share, 71 cents higher than the Refinitiv consensus estimate. Revenue also came in higher than projected. Signet raised its fiscal 2022 guidance.

Apple — Shares of Apple fell 3% after the company told some of its suppliers there could be slowing demand for iPhone 13 models, according to a report by Bloomberg. It previously expected the reduction in its initial production goal to be made up in 2022 but said that may not materialize now.

Five Below — The retailer’s shares gained more than 9% after reporting quarterly results that beat on both earnings and revenue. It also reported an increase in comparable-store sales of 14.8%, smashing the estimates of 5.3%, according to Refinitiv.

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Okta — Shares of the identity company added 2.5% following the company’s quarterly results. Okta brought in a quarterly loss of 7 cents per share, which is narrower than the 24 cents per share loss estimated by analysts. It also beat revenue estimates and issued fourth-quarter guidance above estimates.

Lands’ End — Lands’ End saw its shares sink more than 14% in early morning trading after reporting lower-than-expected third-quarter revenue. The apparel retailer posted revenue of $375.8 million versus the StreetAccount consensus estimate of $398 million. Lands’ End earned 22 cents per share, in line with projections. The company also issued fourth-quarter earnings and revenue guidance below expectations.

Dollar General — Dollar General shares fell 1.7% after the company revealed plans to open 1,000 Popshelf stores by the end of the 2025 fiscal year. The vision for Popshelf, aimed at wealthier suburban shoppers, was announced a year ago. There are currently 30 Popshelf stores in six states.

— CNBC’s Hannah Miao contributed reporting.

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