Pre-Open Stock Movers 05/11: Electronic Arts Gains Following Earnings; Unity Software, Coinbase Crash on Results (more...)

May 11, 2022 9:18 AM EDT
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Price: $0.68 +4.62%

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Pre-Open Stock Movers:

View, Inc. (NASDAQ: VIEW) 56% LOWER; delays its 10-Q.

Unity Software Inc. (NYSE: U) 33% LOWER; reported Q1 EPS of ($0.08), $0.01 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $320.1 million versus the consensus estimate of $321.35 million. Unity Software Inc. sees Q2 2022 revenue of $290-295 million, versus the consensus of $360 million. Unity Software Inc. sees FY2022 revenue of $1.35-1.425 billion, versus the consensus of $1.5 billion.

Coinbase (NASDAQ: COIN) 25% LOWER; reported Q1 EPS of ($1.98), $2.03 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.5 billion. The company sees MTUs and total trading volume to be lower in Q2 compared to Q1.

Veru Inc. (NASDAQ: VERU) 24% HIGHER; announced that in a Pre-EUA meeting held May 10, 2022, FDA has agreed that the efficacy and safety data from the completed Phase 3 clinical study in hospitalized COVID-19 patients at high risk for acute respiratory distress syndrome are sufficient to support the submission of a request for Emergency Use Authorization (EUA).

Inovio Pharma (NASDAQ: INO) 20% LOWER; reported Q1 EPS of ($0.36), $0.02 worse than the analyst estimate of ($0.34). Revenue for the quarter came in at $199 thousand versus the consensus estimate of $670 thousand. Also announced the appointment of Jacqueline Shea, Ph.D., as President and Chief Executive Officer (CEO) of INOVIO, effective immediately. Dr. Shea succeeds Dr. J. Joseph Kim in these roles. Dr. Kim has also resigned as a member of the INOVIO board of directors, and the board intends to appoint Dr. Shea as a director following INOVIO's annual meeting of the stockholders on May 16, 2022.

Exicure, Inc. (NASDAQ: XCUR) 19% HIGHER; agreed to sell an aggregate of 26,021,111 shares of its common stock at a purchase price of $0.1937 per share to certain accredited investors in a private placement in public equity (PIPE) financing.

Allbirds, Inc. (NASDAQ: BIRD) 16% LOWER; reported Q1 EPS of ($0.15), $0.03 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $62.8 million versus the consensus estimate of $61.97 million.

MicroStrategy Incorporated (NASDAQ: MSTR) 13% LOWER; falls as Bitcon prices fall below $30K

The Trade Desk Inc. (NASDAQ: TTD) 6% LOWER; reported Q1 EPS of $0.21, $0.06 better than the analyst estimate of $0.15. Revenue for the quarter came in at $315 million versus the consensus estimate of $304.69 million. The Trade Desk Inc. sees Q2 2022 revenue of at least $364 million, versus the consensus of $361 million.

Roblox (NYSE: RBLX) 6% LOWER; reported Q1 EPS of ($0.27), $0.07 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $537.1 million versus the consensus estimate of $657.4 million.

Electronic Arts (NASDAQ: EA) 2% HIGHER; reported Q4 EPS of $0.80, $0.64 worse than the analyst estimate of $1.44. Net bookings for the quarter came in at $1.75 billion versus the consensus estimate of $1.78 billion. Electronic Arts sees FY2023 net bookings of $7.9-8.1 billion, versus the consensus of $8.02 billion.



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