Zoom Video, Palo Alto Networks, Macy’s, and More Stock Market Movers Tuesday

Macy’s gains in premarket trading Tuesday.


Drew Angerer/Getty Images

Stock futures were relatively flat Tuesday, one day after the market had its worst day in months, with investors worried over the likelihood of tighter central bank policy.

Futures for the


Dow Jones Industrial Average

and the


S&P 500

were up 0.1%. Futures for the tech-heavy


Nasdaq Composite

also rose 0.1%.

These are some of the stocks making notable moves in premarket trading Tuesday.



Zoom Video Communications

(ticker: ZM) dropped 11% early Tuesday after the videoconferencing software company lowered its revenue and profit guidance for the full year.

Macy’s (M) reported earnings and revenue that beat analysts’ estimates for its second quarter. However, the department store cut its full-year earnings and revenue guidance. The stock was rising 2%.



Palo Alto Networks

(PANW) climbed 9.1% after the cybersecurity software company reported sales and profit for its fiscal fourth quarter above expectations while providing a full-year financial forecast above Wall Street estimates. The company also declared a 3-for-1 stock split.

American depositary receipts of



XPeng

(XPEV) fell 4.6% after the electric-vehicle maker posted a loss wider than analysts anticipated for its second quarter and guided for third-quarter sales and deliveries below Wall Street projections.

American depositary receipts of



JD.com

(JD) were up 4.2% higher after the Chinese e-commerce company posted sales and earnings for its second quarter above Wall Street estimates.



Aeri Pharmaceuticals

(AERI) soared 35% after



Alcon

(ALC) agreed to acquire the ophthalmic therapies company for $15.25 a share. The deal is expected to close in the fourth quarter.



Medtronic

(MDT) reported earnings and revenue for its fiscal first quarter above analysts’ estimates. The medical device maker’s stock was 1% higher.



Dick’s Sporting Goods

(DKS) was 1.4% higher after the athletic apparel retailer posted earnings and revenue for its second quarter above Wall Street expectations and raised its full-year financial outlook.

Write to Angela Palumbo at angela.palumbo@dowjones.com

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