Pre-market Stock Analysis: Unity Software and AppLovin Surge on Strong Earnings
Early market trading is being driven by significant earnings volatility across several sectors. Unity Software (U) and AppLovin (APP) are leading gains, with Unity surging 22% following a massive beat on both top and bottom lines, while AppLovin rose 19% due to strong EBITDA and revenue performance. Shake Shack (SHAK) also saw positive movement after beating earnings estimates. Conversely, several major players faced sharp declines. Qualcomm (QCOM) dropped 9% despite an earnings beat as guidance concerns weighed on investors. Zillow (Z) fell 15% following a miss on both revenue and adjusted earnings, while Expedia (EXPE) slid over 6% due to weaker-than-expected quarterly guidance. Wendy's (WEN) remained flat after rejecting a $1.4 billion takeover bid from Trian Fund Management.
Tickers: $APP $COHR $EXPE $PTON $QCOM $SHAK $U $WEN
Topics: earnings report revenue guidance stock price movement takeover offer
Part of the story Zillow expects Q4 revenue of $635M-$665M as purchase originations decline 10%-15% (3 articles)