Unity Software Surges 22% After Q3 Profit Hits 25 Cents on $622 Million Revenue
Updated
Updated · CNBC · Nov 5
Unity Software Surges 22% After Q3 Profit Hits 25 Cents on $622 Million Revenue
1 articles · Updated · CNBC · Nov 5
Summary
Unity Software jumped 22% before the bell after third-quarter earnings came in at 25 cents a share on $622 million in revenue.
LSEG analysts had expected just 5 cents a share and $567 million in revenue, making Unity one of the session's biggest earnings beats.
The move stood out in a mixed premarket tape: AppLovin rallied 19% on strong results, while Qualcomm fell 9% on softer profit guidance and Zillow dropped about 15% after missing estimates.
Elsewhere, Shake Shack rose 3.8% after topping profit estimates, Peloton gained 7% on a revenue beat, and Expedia slid more than 6% on weaker current-quarter guidance.