Stocks making the biggest moves premarket: Newmont, Squarespace, Philips and more

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Check out the companies making headlines before the bell:

Newmont (NEM) – The mining company's stock slid 3.3% in premarket trading after it reported lower-than-expected second-quarter earnings. Profit was down nearly 41% from a year ago, hurt by a drop in gold prices.

Squarespace (SQSP) – The e-commerce platform provider tumbled 14.4% in the premarket after its full-year revenue guidance fell short of Street forecasts. Squarespace reported better-than-expected results for its latest quarter but said revenue is taking a hit from currency headwinds.

Philips (PHG) – Philips tumbled 10.4% in premarket trading after the Dutch medical equipment maker's quarterly earnings fell short of analyst forecasts. Philips was affected by lockdowns in China and supply chain issues.

Public Storage (PSA) – Public Storage added 1.5% premarket action after the operator of self-storage facilities declared a special dividend of $13.15 per share. The distribution is related to the sale of PS Business Parks to affiliates of Blackstone (BX) for $7.6 billion. Public Storage had been the largest shareholder in PS Business Parks, whose sale transaction closed last week.

JD.com (JD) – Morgan Stanley calls the Chinese e-commerce company a «catalyst driven idea», helping its stock rise 2% in premarket trading. The firm thinks the catalyst could be better than expected revenue growth guidance when JD.com next reports earnings in August.

Tesla (TSLA) – Tesla rose 1.3% in premarket action following its latest 10-Q filing, which included an update on the value of its bitcoin holdings. Tesla said it took a $170 million impairment charge related to the carrying value of its bitcoin holdings during the first six months of 2022, but saw a $64