GLOBALFOUNDRIES Gains on Earnings; Unity Software, Coinbase Slammed on Weak Results and Outlook (more…)


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After-Hours Stock Movers:

Unity Software Inc. (NYSE: U) 27% 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.

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.

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.

Coinbase (NASDAQ: COIN) 15% 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.

The Trade Desk Inc. (NASDAQ: TTD) 5% 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) 5% 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.

GLOBALFOUNDRIES (NASDAQ: GFS) 3% HIGHER; reported Q1 EPS of $0.42, $0.19 better than the analyst estimate of $0.23. Revenue for the quarter came in at $1.94 billion versus the consensus estimate of $1.9 billion.

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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