Several notable companies are experiencing significant premarket movements, including Foot Locker, Cinemark, and Dell.

Check out the companies making headlines before the bell:

Foot Locker's stock price dropped 16.1% in the premarket after the company announced weaker-than-expected full-year profit and comparable-store sales outlook. The decline was attributed to changes in its vendor mix and a decrease in fiscal stimulus compared to the previous year. Despite this, Foot Locker reported better-than-expected results for its fiscal fourth quarter, including an unexpected increase in comp sales.

The movie theater operator, Cinemark, experienced a 3.7% increase in the premarket after reporting an unexpected quarterly profit and revenue that surpassed Wall Street predictions. This rise in attendance occurred as Covid-19 restrictions eased.

Dell's premarket stock price dropped by 9% after the company announced that it anticipates an increase in its order backlog this quarter due to supply chain constraints, which are hindering its ability to meet the strong demand for its products.

The payments company formerly known as Square reported better-than-expected profit and revenue for its latest quarter, causing a 16.5% surge in premarket trading for Block. Additionally, Block gave an upbeat forecast for the current quarter and the full year, as its Cash App continues to experience growing success.

LendingTree's consumer segment showed strong performance during the quarter, causing the financial services company's stock to add 2.6% in the premarket after reporting a narrower-than-expected loss and revenue that exceeded analyst forecasts.

Coinbase reported quarterly earnings of $3.32 per share, exceeding the consensus estimate of $1.85, and also saw revenue surpass Wall Street forecasts. Despite this, Coinbase anticipates lower transactions volume due to volatility in the cryptocurrency market. Coinbase's stock fell 2% in premarket trading.

Beyond Meat's premarket slide of 10.8% was due to a wider-than-expected quarterly loss and revenue that fell short of Wall Street forecasts. The company also issued a weaker-than-expected forecast, citing a temporary disruption of U.S. retail growth.

Etsy's premarket shares surged 17.4% after the online crafts marketplace exceeded quarterly estimates and issued a strong forecast. Despite a consensus estimate of 79 cents, Etsy earned $1.11 per share in its latest quarter, reflecting continued demand that first emerged during the pandemic.

Despite beating quarterly estimates on the top and bottom lines, Zscaler experienced an 11.6% hit in the premarket. Investors are focusing on the company's weaker-than-expected outlook, despite its strongest year-over-year revenue growth in three years.

Despite its adjusted quarterly loss of 3 cents per share and revenue falling below the consensus estimate, Farfetch's premarket action saw it soar 30.5%. The luxury fashion seller's profitability on an adjusted basis for 2021 has encouraged investors after a recent decline in the stock's price.

KAR Auction Services' vehicle auction business in the U.S. is being bought by Carvana for $2.2 billion, as the online used-car seller aims to increase its physical presence. KAR's stock price increased by 66.2% while Carvana's stock price rose by 0.8% in the premarket.