WYNN - Unity Software Groupon Trade Desk And Other Big Stocks Moving Lower In Friday's Pre-Market Session | Benzinga
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
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