Premarket Moves: Unity Software Jumps 22%; Shake Shack, Peloton and Wendy's Also Move

According to CNBC, Unity Software shares surged 22% before the bell after the game development company reported third-quarter earnings of 25 cents per share on revenue of $622 million, above analysts’ estimates of 5 cents per share and $567 million in revenue. Peloton Interactive gained 7% after fiscal first-quarter revenue of $559 million topped the $554 million estimate, though earnings of 19 cents per share missed the 21 cents expected. Shake Shack rose 3.8% after adjusted third-quarter earnings of 40 cents per share beat the 35-cent estimate; revenue of $423 million came in below the $426 million consensus. The company reaffirmed its full-year 2026 revenue guidance of $1.6 billion to $1.7 billion. Wendy’s shares were little changed after it rejected a $1.4 billion takeover offer from a Trian Fund Management-led group, which offered $7.35 per share in cash late last month. Qualcomm fell 9% despite a slight fiscal fourth-quarter earnings beat and forecast current-quarter adjusted earnings of $2.15 to $2.35 per share, versus analysts’ $2.26 estimate. AppLovin gained 19% after third-quarter adjusted EBITDA of $1.84 billion and revenue of $2.18 billion topped estimates of $1.73 billion and $2.07 billion, respectively. Expedia fell more than 6% after issuing mostly weaker-than-expected current-quarter guidance, including revenue of $3.69 billion to $3.75 billion versus analysts’ average estimate of $3.74 billion. Coherent dipped 2% despite adjusted earnings of $2.09 per share topping the $1.99 estimate; revenue and current-quarter guidance also exceeded estimates. Zillow sank about 15% after third-quarter adjusted earnings of 55 cents per share and revenue of $724 million missed estimates of 59 cents and $754 million, respectively.