Stocks making the biggest moves premarket: Alphabet, Microsoft, PacWest, Snap and more

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Check out the companies making headlines before the bell.

Alphabet — The Google parent popped more than 6% after topping Wall Street's second-quarter earnings expectations, fueled by growth in its cloud-computing segment. The company also announced that its chief financial officer, Ruth Porat, would step into a new role as president and chief investment officer.

Microsoft — The software giant lost about 4% after reporting slowing revenue growth within its cloud business during its fiscal fourth quarter and called for lower-than-expected guidance. Microsoft, however, did beat Wall Street's estimates, reporting earnings of $2.69 per share on $56.19 billion in revenue. Analysts polled by Refinitiv anticipated earnings per share of $2.55 on revenue of $55.47 billion.

PacWest — Shares of the regional bank stock jumped more than 28% on news that it will be acquired by Banc of California to create a new firm called Pacific Western. Banc of California shares added about 6%.

Snap — The Snapchat parent shed more than 18% after issuing weak guidance for the current quarter. Snap topped second-quarter expectations, reporting a narrower-than-expected loss of 2 cent a share on $1.07 billion in revenue. That beat expectations for a 4-cent loss and revenues of $1.05 billion, per Refinitiv.

Coca-Cola - The beverage giant saw shares climb more than 2% in premarket trading after the company reported quarterly earnings and revenue that topped estimates. Its organic revenue increased 11% in the quarter, fueled by higher prices. Coca-Cola also raised its full-year outlook following the strong report.

Boeing — The aircraft manufacturer rose more than 3% after it posted a revenue beat for the second quarter. Boeing's losses per