Gaotu Techedu Inc. American Depositary Shares, three of which representing two Class A Ordinary Shares (GOTU)
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U.S. stock futures were higher this morning, with the Dow futures trading higher by around 15 points on Tuesday. Shares of Unity Software Inc. (NYSE: U) fell sharply in today’s pre-market trading after the company reported mixed financial results for its fourth quarter. Unity said fourth-quarter revenue increased 35% year-over-year to $609 million, beating the consensus estimate of $562.71 million. The company reported a quarterly loss of 66 cents per share, which missed estimates for a loss of 42 cents per share, according to Benzinga Pro. The company said it sees first-quarter strategic portfolio revenue in the range of $415 million to $420 million. Unity Software shares ...
China just shot its tech sector in the foot again.
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The U.S.-listed shares of China-based companies, surged Tuesday, particularly in the interest sector, as an apparent reduction of regulatory scrutiny has emboldened Wall Street analysts and investors to bet on an extended bounce.