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

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. 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. 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. 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. 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 WEST shares fell 17.8% to $6.91 in pre-market trading following weak quarterly sales.
• Diageo plc 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. ILMN declined 12.3% to $93.87 in pre-market trading after the company reported mixed third-quarter financial results.
• Applied Optoelectronics, Inc. AAOI dipped 11% to $8.69 in pre-market trading following weak sales results.
• Ballard Power Systems Inc. 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. HE fell 5.8% to $13.19 in pre-market trading following downbeat sales results.
• FuelCell Energy, Inc. FCEL fell 5.4% to $1.05 in pre-market trading.
• Wynn Resorts, Limited WYNN declined 5.2% to $85.90 in pre-market trading after the company reported third-quarter financial results.

Now Read This: Insiders Buying Plus Therapeutics And 2 Other Stocks Under $2

Don’t forget to check out our premarket coverage here