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Stocks making the biggest moves in the premarket: Best Buy, Zoom Video, Urban Outfitters and more
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cnbc.comTake a look at some of the biggest movers in the premarket:
Best Buy (BBY) – The electronics retailer's shares tumbled 10.4% in the premarket, after it forecast holiday season comparable sales largely below Wall Street forecasts as it faces possible product shortages. Best Buy reported a quarterly beat on the top and bottom lines, however, with a profit of $2.08 per share coming in 17 cents a share above estimates.
Zoom Video (ZM) – Zoom beat estimates by 2 cents a share, with quarterly profit of $1.11 per share. Revenue also topped Street forecasts and Zoom raised its full-year guidance. The return of many workers to offices is slowing sales growth, however, and the stock tumbled 9.6% in premarket trading.
Urban Outfitters (URBN) – Urban
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