Benzinga - by Lisa Levin, Benzinga Editor.
U.S. stock futures traded mixed this morning on Friday, with the Dow Jones futures gaining around 40 points this morning.
Shares of Unity Software Inc. (NYSE: U) fell sharply in pre-market trading after the company reported worse-than-expected third-quarter revenue results.
Unity said third-quarter revenue increased 69% year-over-year to $544 million, missing the consensus of $549.14M. The company reported a quarterly loss of 32 cents per share, beating the consensus for a loss of 49 cents.
The company did not provide guidance for the fourth quarter. Following the release of quarterly results, Piper Sandler analyst Brent Bracelin maintained Unity Software with a Neutral and lowered the price target from $30 to $20.
Unity Software shares fell 13.2% to $21.90 in pre-market trading
Here are some other big stocks recording losses in today’s pre-market trading session.
- Groupon, Inc. (NASDAQ: GRPN) shares tumbled 33.5% to $9.00 in pre-market trading after the company reported worse-than-expected third-quarter financial results.
- Plug Power Inc. (NASDAQ: PLUG) shares declined 29.4% to $4.18 in pre-market trading after the company reported worse-than-expected third-quarter financial results.
- The Trade Desk, Inc. (NASDAQ: TTD) shares dropped 26.7% to $56.30 in pre-market trading after the company reported third-quarter earnings and issued fourth-quarter revenue guidance below estimates.
- Westrock Coffee Company (NASDAQ: WEST) shares fell 17.8% to $6.91 in pre-market trading following weak quarterly sales.
- Diageo plc (NYSE: DEO) shares dipped 13.7% to $138.03 in pre-market trading. Diageo said it sees organic operating profit growth to slow during the first half of the year.
- Illumina, Inc. (NASDAQ: ILMN) declined 12.3% to $93.87 in pre-market trading after the company reported mixed third-quarter financial results.
- Applied Optoelectronics, Inc. (NASDAQ: AAOI) dipped 11% to $8.69 in pre-market trading following weak sales results.
- Ballard Power Systems Inc. (NASDAQ: BLDP) shares fell 6.9% to $3.22 in pre-market trading. Ballard Power Systems recently reported a third-quarter FY23 revenue growth of 29% year-over-year to $127.6 million.
- Hawaiian Electric Industries, Inc. (NYSE: HE) fell 5.8% to $13.19 in pre-market trading following downbeat sales results.
- FuelCell Energy, Inc. (NASDAQ: FCEL) fell 5.4% to $1.05 in pre-market trading.
- Wynn Resorts, Limited (NASDAQ: WYNN) declined 5.2% to $85.90 in pre-market trading after the company reported third-quarter financial results.
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