Snowflake, Urban Outfitters, Advance Auto Parts fall premarket; Peloton rises

Investing.com -- U.S. stock futures edged higher Thursday in cautious trading ahead of the release of more labor market data as a precursor to the eagerly-anticipated Jackson Hole symposium.

Here are some of the biggest premarket U.S. stock movers today Snowflake (NYSE:SNOW ) stock fell 9.7% after the enterprise software maker beat expectations for second-quarter earnings and revenue but offered tepid guidance that failed to assure investors in a competitive market. Urban Outfitters (NASDAQ:URBN ) stock fell 12% after the retailer’s second-quarter same sales growth came in below expectations, suggesting consumers are feeling the pinch. Peloton (NASDAQ:PTON ) stock soared 7.1% after the connected fitness company returned to sales growth for the first time in nine quarters as its turnaround plan takes hold. Synopsys (NASDAQ:SNPS ) stock rose 2.1% after the chip design software firm delivered record third-quarter revenue and issued strong guidance as AI accelerates demand. Advance Auto Parts (NYSE:AAP ) stock fell 11% after the automotive parts retailer reported disappointing second quarter earnings and slashed its full-year outlook, dashing earlier gains on the back of private equity firm Carlyle Group (NASDAQ:CG ) saying it would buy its Worldpac unit for $1.5 billion in cash. BJs Wholesale Club (NYSE:BJ ) stock fell 7.5% after the retailer’s second-quarter revenue fell short of projections, although its profit beat expectations. Viking Holdings (NYSE:VIK ) stock fell 4.1% after the cruise operator’s profit and revenue fell short of estimates, although the company said its advance bookings are running ahead of year-ago levels. Deutsche Bank (NYSE:DB ) stock rose 2.8% after the German lender announced it has settled more than half the plaintiffs who had accused it of underpaying them in its takeover of Postbank in 2010.

Source: Investing.com