Stocks making the biggest moves premarket: Estee Lauder, Bloomin' Brands, Palo Alto Networks and more

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Check out the companies making headlines before the bell Friday.

Palo Alto Networks — Shares of the cybersecurity company edged 1.8% lower in premarket trading Friday. Palo Alto Networks' fiscal fourth-quarter earnings are expected to come out Friday afternoon. Analysts surveyed by FactSet's StreetAccount called for $1.96 billion in revenue and earnings per share of $1.29.

Ross Stores — Shares jumped nearly 5%, a day after Ross Stores' postmarket earnings report. The discount retailer's earnings per share for its second quarter came in at $1.32, topping the consensus estimate of $1.16, according to Refinitiv. Its revenue was $4.93 billion, versus the $4.75 billion expected.

Alibaba, JD.com, PDD, Nio — Shares of some Chinese companies, ranging from e-commerce giants JD.com and Alibaba to electric vehicle manufacturer Nio, declined in premarket trading Friday. Alibaba was down 2.3% and PDD lost about 3.5%, while JD.com and Nio dropped 4.8% and more than 5%, respectively. The moves come as investors' weigh China's real estate troubles, which could, in turn, impact the country's economic activity.

XPeng — Shares of the Chinese electric car maker were trading down 7% after the company's earnings results Friday showed a wider-than-expected loss in the second quarter. The company reported a net loss of 2.8 billion yuan, coming out lower than the expected loss of 2.13 billion yuan. XPeng's revenue of 5.06 billion Chinese yuan ($693.7 million) came out in line with expectations, however. Still, its revenue represented a 31% year-on-year fall.

Applied Materials — The semiconductor equipment maker gained about 2% after beating analysts' expectations on the top and bottom lines in its fiscal third-quarter results.