Unity Software fails to provide full-year guidance after mixed Q3 results

Wolfe Research Downgrades Unity Software (U) to Peerperform

Wolfe Research analyst Gal Munda downgraded Unity Software (NYSE: U) from Outperform to Peerperform.

The analyst comments "U reported results below consensus on revenue but above on EBITDA and announced changes including removing unprofitable portions of its business, reducing headcount, and focusing... More

Unity Software (U) PT Lowered to $22 at Morgan Stanley

Morgan Stanley analyst Matthew Cost lowered the price target on Unity Software (NYSE: U) to $22.00 (from $40.00) while maintaining a Equalweight rating.... More

Wynn Resorts, Illumina, Plug Power fall premarket; Apple rises

Investing.com -- U.S. futures traded in a mixed fashion Friday, ending the week amid a degree of uncertainty after a relatively hawkish speech by Fed Chair Jerome Powell.

Here are some of the biggest premarket U.S. stock movers today:

Apple (NASDAQ: AAPL) stock rose 0.2% after the iPhone maker agreed to pay $25... More

Unity Software (U) PT Lowered to $28 at Stifel

Stifel analyst J. Parker Lane lowered the price target on Unity Software (NYSE: U) to $28.00 (from $40.00) while maintaining a Buy rating.... More

Unity Software (U) PT Lowered to $20 at Piper Sandler

Piper Sandler analyst Brent Bracelin lowered the price target on Unity Software (NYSE: U) to $20.00 (from $30.00) while maintaining a Neutral rating.... More

Unity Software (U) PT Lowered to $40 at Needham & Company

Needham & Company analyst Bernie McTernan lowered the price target on Unity Software (NYSE: U) to $40.00 (from $50.00) while maintaining a Buy rating.... More

Unity Software (U) PT Lowered to $31 at Wedbush

Wedbush analyst Michael Pachter lowered the price target on Unity Software (NYSE: U) to $31.00 (from $55.00) while maintaining a Outperform rating.... More

Macquarie Downgrades Unity Software (U) to Neutral, 'too many questions'

(Updated - November 10, 2023 8:21 AM EST)

Macquarie analyst Tim Nollen downgraded Unity Software (NYSE: U) from Outperform to Neutral with a price target of $20.00 (from $55.00).

The analyst comments "Unity delivered a surprising Q3 bottom line beat, but provided no financial guidance... More

Unity Software (U) PT Lowered to $30 at DA Davidson

DA Davidson analyst Franco Granda lowered the price target on Unity Software (NYSE: U) to $30.00 (from $50.00) while maintaining a Buy rating.... More

After-hours movers: The Trade Desk, Unity Software plunge on guidance issues

After-Hours Stock Movers:

The Trade Desk Inc. (NASDAQ: TTD) 30% LOWER; reported Q3 EPS of $0.33, $0.04 better than the analyst estimate of $0.29. Revenue for the quarter came in at $493 million versus the consensus estimate of $486.9 million. The Trade Desk Inc. sees Q4 2023 revenue of at least $580 million, versus the consensus of $610.2 million.

Doximity, Inc. (NYSE: DOCS) 24% HIGHER; reported Q2 EPS of $0.22, $0.05... More

Unity Software Inc. (U) Announces $1B Debt Offering

Unity Software Inc. (NYSE: U) has filed the following:

On November 8, 2022, we sold $1,000,000,000 in aggregate principal amount of our 2.0% Convertible Senior Notes due 2027 (each, a Note and, collectively, the Notes), consisting of (i) $940,000,000 in aggregate principal amount of the Notes sold to SLP VI Union Holdings, L.P., SLP VI Union Holdings II, L.P. and SLA Union Holdings, L.P. (collectively, the Silver Lake Purchasers) and (ii) $60,000,000 in aggregate principal amount of the Notes sold to Sequoia Capital Fund,... More

Unity Software Inc. (U) Misses Q3 EPS by 49c

Unity Software Inc. (NYSE: U) reported Q3 EPS of ($0.32), $0.49 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $544.2 million versus the consensus estimate of $554.17 million.

GUIDANCE:

The company also said it is not providing... More