After-hours movers: The Trade Desk, Unity Software plunge on guidance issues

After-Hours Stock Movers:

The Trade Desk Inc . (NASDAQ:) 30% LOWER; reported Q3 EPS of $0.33, $0.04 better than the analyst estimate of $0.29. Revenue for the quarter came in at $493 million versus the consensus estimate of $486.9 million. The Trade Desk Inc. sees Q4 2023 revenue of at least $580 million, versus the consensus of $610.2 million.

Doximity, Inc. (DOCS) 24% HIGHER; reported Q2 EPS of $0.22, $0.05 better than the analyst estimate of $0.17. Revenue for the quarter came in at $113.6 million versus the consensus estimate of $109.05 million. Doximity, Inc. sees FY2024 revenue of $460-472 million, versus the consensus of $458.7 million.

Unity Software Inc. (U) 14% LOWER; reported Q3 EPS of ($0.32), $0.49 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $544.2 million versus the consensus estimate of $554.17 million. The company also said it is not providing guidance for the fourth quarter or full year 2023.

Iridium Communications Inc. (NASDAQ:) 9% LOWER; Qualcomm (NASDAQ:) notified Iridium that it has elected to terminate the agreements, effective December 3, 2023.

Illumina (NASDAQ:) 7% LOWER; reported Q3 EPS of $0.33, $0.20 better than the analyst estimate of $0.13. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.13 billion. Illumina sees FY2023 EPS of $0.60-$0.70, versus the consensus of $0.80.

TKO Group Holdings, Inc. (TKO) 5% LOWER; announced that one of its stockholders, Mr. Vincent K. McMahon, intends to offer for sale in an underwritten secondary offering 8,400,000 shares of the Company’s Class A common stock.

Hologic (NASDAQ:) 3% HIGHER; reported Q4 EPS of $0.89, $0.05 better than the analyst estimate of $0.84. Revenue for the quarter came in at $945.3 million versus the consensus estimate of $940.03 million. Hologic sees Q1 2024 EPS of $0.92-$0.97, versus the consensus of $0.94. Hologic sees Q1 2024 revenue of $960-985 million, versus the consensus of $1017 million. Hologic sees FY2024 EPS of $3.90-$4.10, versus the consensus of $3.90. Hologic sees FY2024 revenue of $3.92-4.02 billion, versus the consensus of $4.023 billion.