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Check out the companies making headlines before the bell. Wynn Resorts — The casino giant fell more than 5% after reporting top and bottom line gains in the third quarter. Wynn posted adjusted revenue of 99 cents per share on $1.67 billion, while analysts surveyed by LSEG forecast 75 cents and $1.59 billion. However, some analysts were less encouraged by the EBITDAR results from the company’s Wynn Macau segment. Diageo – The British-based drinks maker fell 14.5% in early morning trading Friday after the company said it expects growth to slow in the first half of the fiscal year due to weakness in Latin America and the Caribbean, raising expectations for the short and medium term. Illumina – Shares of the biotech company fell 12.5% after it cut its full-year adjusted earnings guidance to a range of 60 to 70 cents per share, while analysts estimated 80 cents per share, according to LSEG. Illumina’s revenue was lower than analyst estimates, although the company beat adjusted earnings per share in the third quarter. Unity Software – Shares of the video game engine maker fell 14% after the company posted a quarterly revenue loss and didn’t issue guidance, based on uncertain timing around shutdowns, layoffs and a reduction in office space. Unity reported revenue of $544.2 million for the quarter, although analysts had expected $553.7 million, according to LSEG. Plug Power – Shares fell 33% after RBC Capital Markets downgraded the stock to a sector performance rating of outperform due to a series of “unprecedented challenges” that caused a hydrogen supply shortage in the third quarter. After the closing bell Thursday, Plug Power reported a surprisingly larger third-quarter loss, along with disappointing revenue. TKO Group – The stock fell 7.5% after executive chairman Vince McMahon said he planned to sell 8.4 million shares of the WWE parent company. TKO said executives and the company itself were interested in purchasing shares of McMahon. Capri Holdings – Shares of the luxury fashion group fell 2.7% in premarket trading after Capri posted mixed results for its fiscal second quarter. The company reported adjusted earnings of $1.87 per share on revenue of $1.29 billion, while analysts had forecast earnings of $1.52 per share on revenue of $1.34 billion. Capri’s CEO said results fell below the company’s expectations due to macroeconomic headwinds amid e-commerce challenges. The Trade Desk – Shares fell 23.9% on Friday, extending the previous day’s losses, after the digital marketing company issued weak guidance for the current quarter. The Trade Desk said it expects revenue of $580 million in the fourth quarter, while analysts polled by LSEG had forecast $610 million. However, the company posted third-quarter adjusted earnings and revenue that exceeded expectations. – CNBC’s Alex Harring, Tanaya Macheel and Brian Evans contributed reporting.
