Unity’s overall positive disclosure followed shortly after Wednesday’s closing bell. Previously, analysts had anticipated Q4 sales to reach $377.8 million. Unity also hiked its full-year revenue forecast to a range of between $1.37 billion and $1.39 billion. Most notably for U stock, though, is the fact the company forecast Q4 revenue to hit between $425 million and $445 million. Still, it’s worth mentioning that Unity’s Q3 revenue aligned with management’s prior guidance. According to FactSet, analysts had targeted a loss of 15 cents per share on $326.1 million in revenue. This tally compares very favorably next to $286.3 million in Q3 2021. However, on the revenue front, Unity managed to post $322.9 million. In Q3 2021, the company’s adjusted loss was only 3 cents. Adjusted for non-recurring items, Unity’s Q3 EPS loss came out to 14 cents. This contrasts with its net loss of $155.1 million, or 41 cents per share, in the year-ago period. That said, despite Wall Street bidding up U stock today, broader challenges remain.įor the headline numbers, Unity reported a third-quarter loss of $253.7 million, or 84 cents per share, according to MarketWatch. However, it also delivered a Q4 revenue guidance hike. Specializing in video-game engine software and helping developers monetize their games, Unity delivered mixed results for the third quarter. Unity Software (NYSE: U) stock is making one of the biggest splashes amid a strong showing in the major equity indices today, popping up more than 25% so far.
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