Premarket movers: KB Home, Spotify, Nikola and more

Check out the companies making headlines before the bell:

Darden, the parent company of Olive Garden and other restaurant chains, reported quarterly earnings of $1.93 per share, which was below the $2.10 consensus estimate and below analyst forecasts for revenue and comparable-store sales. Darden attributed the shortfall to the impact of the omicron variant on guest demand, staffing levels, and costs in January. However, the company said the environment improved subsequently. As a result, Darden's stock fell 1.7% in the premarket.

KB Home reported quarterly earnings of $1.47 per share, which was 9 cents below estimates, and its revenue also fell short of Wall Street forecasts. The home builder attributed the shortfall to supply and labor issues that hindered its ability to complete home construction. KB Home's shares dropped 3.6% in premarket trading.

Spotify's shares increased by 3.7% in the premarket after it reached an agreement with Google to allow subscribers to sign up for the service directly through the Google Play store. Additionally, dating services operator Match Group, which has also had conflicts with Google over app store fees, experienced a 3.4% increase in stock price following the Spotify news.

Nikola's stock price increased by 15.1% in premarket trading after the company announced the commencement of electric truck production at its Coolidge, Arizona factory last week, fulfilling a goal mentioned in its most recent quarterly earnings report in May.

GameStop's stock surged 14.5% Wednesday, marking a seventh straight day of gains after Chairman Ryan Cohen bought 100,000 more shares and raised his stake to 11.9%. However, GameStop slid 5.2% in premarket trading.

FactSet issued an upbeat forecast after the financial information provider reported an adjusted quarterly profit of $3.27 per share, exceeding the consensus estimate of $2.98. Revenue also surpassed Wall Street predictions.

Trip.com's unexpected profit and revenue exceeding analyst forecasts led to a 6.2% increase in its premarket stock price.

Fuller, an industrial adhesives and specialty chemicals manufacturer, experienced a 5.7% increase in the premarket after reporting better-than-expected profit and revenue for the quarter, and raising its full-year forecast. The company implemented price increases to address higher raw materials and logistics costs and is prepared to do so again if required.

Although revenue for the office furniture maker exceeded analyst estimates, the company reported an unexpected loss in its latest quarter due to supply chain disruptions and inflationary pressures. Steelcase also issued a weaker-than-expected forecast, causing its shares to fall 5.4% in premarket trading.

Logitech, the manufacturer of keyboards, mice, and other computer peripherals, experienced a 3.5% increase in the premarket after Bank of America Securities initiated coverage with a "buy" rating. According to BofA, the stock presents an attractive entry point due to Logitech's growth prospects and strong track record of execution.