Stocks making the biggest moves premarket: Boeing, Hilton, Spotify, Garmin and more

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Check out the companies making headlines before the bell:

Boeing (BA) – Boeing posted a wider-than-expected quarterly loss with revenue that fell below consensus estimates. However, Boeing reported positive operating cash flow and, unlike in prior quarters, did not see any charges related to the production of its 737 MAX jet. Boeing jumped 4.4% in premarket action.

Hilton Worldwide (HLT) – Hilton rallied 4.8% in the premarket after the hotel operator's second-quarter results beat top and bottom line estimates. Hilton also raised its full-year forecast, as travel demand continues to rebound.

Spotify (SPOT) – Spotify reported a wider-than-expected quarterly loss, but its revenue exceeded analyst forecasts as it saw a 14% increase in paying subscribers for its premium streaming service. Spotify jumped 6% in premarket trading.

Garmin (GRMN) – The GPS device maker's stock slumped 9.3% in the premarket after its quarterly earnings beat estimates, although revenue fell short of analyst predictions. Garmin said its results were negatively affected by underperformance in its fitness segment.

Tempur Sealy (TPX) – The mattress retailer's stock slid 6.9% in the premarket after its quarterly earnings and revenue missed analyst forecasts. The company said macroeconomic factors contributed to a deteriorating operating environment in North America. Tempur Sealy also cut its full-year forecast.

Shopify (SHOP) – The e-commerce platform provider slumped 6.8% in premarket action after posting a wider-than-expected loss and saying losses will increase in the current quarter. Shopify said inflation and rising interest rates will hurt consumer spending.

Microsoft (MSFT) – Microsoft gained 3.5% in the premarket despite missing