Unity Software Inc (NYSE:U) beat Q1 revenue estimates and posted a sharp jump in adjusted earnings but took a $279 million impairment charge related to shutting down its ironSource ad network and selling off its Supersonic game publishing unit. The San Francisco-based company posted revenue of $508 million for the quarter ended March 31, up 17% from a year earlier and slightly above the $506 million analysts had forecast.
Unity Software Inc. (U) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to a loss of $0.19 per share a year ago.
U preannounces Q1 results above guidance, with strong Vector growth and rising Strategic segments-but key divestitures may add near-term volatility.
Unity Software (U) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
In the latest trading session, Unity Software Inc. (U) closed at $26.11, marking a -1.62% move from the previous day.
Unity Software (U) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Unity Software Inc. (U) closed at $26.53 in the latest trading session, marking a +2.35% move from the prior day.
Unity Software Inc. (U) concluded the recent trading session at $23.35, signifying a +2.41% move from its prior day's close.
Unity Software (NYSE:U) currently trades at $22.24, while Wall Street's consensus price target sits at $32.04, meaning analysts see roughly 44% upside for the stock today.
The latest trading day saw Unity Software Inc. (U) settling at $21.99, representing a -3.34% change from its previous close.
A powerful signal was sent on Wall Street last week, and it centered on Unity Software NYSE: U. On March 27, the stock rose over 13% in a single session, a move backed by a massive surge in trading volume of 53.95 million shares, more than triple its daily average.