Stocks making the biggest moves in the premarket: Paramount Global, Logitech, Chegg and more

cnbc.com:

Take a look at some of the biggest movers in the premarket:

Paramount Global (PARA) – Paramount Global fell 4.3% in the premarket, despite quarterly profit that beat Wall Street estimates. Revenue came in below analysts' forecasts for the media company, amid increasing video streaming competition and weak ad sales growth.

Logitech (LOGI) – Logitech slid 5.3% in the premarket after reporting a 20% drop in sales from a year earlier, as the maker of computer mice, keyboards and other peripherals faced tough comparisons to a pandemic-fueled surge last year.

Chegg (CHGG) – The online education company saw its shares plummet 39.2% in premarket trading after it cut its revenue outlook, saying current economic conditions are prompting consumers to prioritize «earning over learning.»

Nutrien (NTR) – Nutrien reported surging quarterly profit and raised its full-year forecast, with the world's largest fertilizer maker seeing its results boosted by surging prices for crop nutrients. The stock rallied 4.8% in the premarket.

Hilton Worldwide (HLT) – The hotel operator beat estimates by 6 cents a share, with quarterly earnings of 71 cents per share, helped by a rebound in travel demand. Hilton also issued a lower-than-expected full-year outlook.

Biogen (BIIB) – The drugmaker earned $3.62 per share for its latest quarter, short of the $4.38 a share consensus estimate. Revenue was slightly above forecasts. Results were hurt by cheaper competition for its multiple sclerosis drug Tecfidera. Biogen also announced that CEO Michel Vounatsos will step down, and its shares fell 2.6% in the premarket.

Pfizer (PFE) – Pfizer reported a first-quarter profit of $1.62 per share, 15 cents a share above estimates. Revenue topped forecasts as well. The