Unity Software Posts Q4 Loss, Joins CarGurus, Intuitive Machines And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Benzinga ·  Feb 27 05:06

U.S. stock futures were higher this morning, with the Dow futures trading higher by around 15 points on Tuesday.

Shares of Unity Software Inc. (NYSE:U) fell sharply in today's pre-market trading after the company reported mixed financial results for its fourth quarter.

Unity said fourth-quarter revenue increased 35% year-over-year to $609 million, beating the consensus estimate of $562.71 million. The company reported a quarterly loss of 66 cents per share, which missed estimates for a loss of 42 cents per share, according to Benzinga Pro.

The company said it sees first-quarter strategic portfolio revenue in the range of $415 million to $420 million.

Unity Software shares tumbled 17.7% to $27.18 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

  • The Aaron's Company, Inc. (NYSE:AAN) shares tumbled 27% to $7.64. Aaron's reported a loss for the fourth quarter, while sales missed estimates.
  • Intuitive Machines, Inc. (NASDAQ:LUNR) fell 19.8% to $5.03 in pre-market trading. Intuitive Machines said communications with moon lander Odysseus is expected to cease Tuesday morning, effectively ending mission 5 days after touchdown, Reuters reported.
  • CarGurus, Inc. (NASDAQ:CARG) shares declined 14.3% to $20.47 in pre-market trading after the company reported fourth-quarter financial results.
  • Nyxoah S.A. (NASDAQ:NYXH) shares dipped 10.7% to $13.73 in pre-market trading. Nyxoah is expected to release financial results for the fourth quarter on March 5, 2024.
  • Five9, Inc. (NASDAQ:FIVN) shares fell 8.2% to $58.19 in pre-market trading after the company announced a proposed $600 million convertible notes offering.
  • Workday, Inc. (NASDAQ:WDAY) shares declined 7.4% to $284.54 in pre-market trading after the company reported fourth-quarter financial results, reiterated guidance and announced its intent to acquire HiredScore.
  • Gaotu Techedu Inc. (NYSE:GOTU) shares fell 4.1% to $5.70 in pre-market trading following quarterly results.
  • Hess Corporation (NYSE:HES) shares declined 3.5% to $144.76 in pre-market trading. Hess filed for mixed shelf offering.

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