Stocks making the biggest moves premarket: Designer Brands, Express, Chewy and more

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Check out the companies making headlines before the bell:

Designer Brands (DBI) – The footwear and accessories retailer reported better-than-expected profit and revenue for its latest quarter and raised its full-year outlook. Designer Brands added 1.8% in the premarket.

Express (EXPR) – The apparel retailer's shares slid 4.7% in premarket trading after its quarterly revenue missed estimates and it cut its full-year guidance. Express noted challenging economic conditions that worsened as the quarter progressed.

Chewy (CHWY) – Chewy slumped 10.8% in the premarket after cutting its full-year outlook. The pet products retailer reported a surprise profit for its latest quarter, but sales are lagging as prices rise and consumers focus pet spending on food and medications.

HP Inc. (HPQ) – HP Inc. shares tumbled 7.1% in premarket trading after quarterly earnings matched estimates and revenue missed forecasts. HP is the latest computer maker to report a slowdown in spending on electronics.

CrowdStrike (CRWD) – CrowdStrike reported better-than-expected quarterly profit and revenue, and the cybersecurity company also issued an upbeat forecast. CrowdStrike is seeing strong demand for cybersecurity software even in the face of a weakening economy.

Snap (SNAP) – Snap tumbled 7.2% in the premarket after losing two key executives to Netflix (NFLX). Chief business officer Jeremi Gorman will become the streaming service's president of worldwide advertising, while Snap's vice president of sales for the Americas, Peter Naylor, will become Netflix's VP of ad sales. The news follows a report in The Verge Tuesday that the social media company would lay off 20% of its workforce amid a slide in digital advertising.

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