HomeBusinessStocks making the biggest moves premarket: Petco, Brinker International, Nordstrom

Stocks making the biggest moves premarket: Petco, Brinker International, Nordstrom

Check out the companies making headlines before the bell:

Petco (WOOF) – The pet products retailer fell short of Street forecasts on both the top and bottom lines for its latest quarter, and cut its full year outlook as it faced higher costs. Petco shares fell 5.3% in the premarket.

Brinker International (EAT) – The parent of the Chili’s and Maggiano’s restaurant chains saw its stock slide 8.1% in premarket trading after it missed estimates with its quarterly earnings, impacted by higher costs.  It also issued a lower than expected full-year outlook.

Nordstrom (JWN) – Nordstrom shares tumbled 13.2% in the premarket after the retailer cut its full year outlook, saying foot traffic had diminished at the end of its most recent quarter and that it was aggressively working to cut inventory levels. Nordstrom reported better than expected profit and revenue for its second quarter.

Toll…

Read more at www.cnbc.com

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