Shares of Unity Software (U -8.81%), a maker of 3D virtualization software for the gaming industry, slid 6% through 10:30 a.m. ET Tuesday after reporting mixed earnings last night.Analysts already weren't terribly optimistic heading into the company's fourth-quarter report Monday evening, expecting Unity to report sales of $562.7 million but a loss of $0.45 per share. As it tuned out, Unity exceeded expectations on sales, which came in at a strong $609.3 million. Losses, however, were much worse than feared ...

Unity Software Inc. has hit the reset button, but analysts are split on whether the app-monetization software company now has a brighter future ahead. The company’s latest results were “were much worse than expected,” noted Jefferies analyst Brent Thill, who pointed to a 2% drop in quarterly pro forma revenue relative to a year earlier. Meanwhile, Unity’s U, -9.81% fiscal first-quarter outlook implies flat growth. “We worry that the loss of the ironSource team and lack of a new product in the Grow segment c ...

Unity Software (U) reported fourth-quarter 2023 adjusted earnings of 23 cents per share, beating the Zacks Consensus Estimate of 19 cents. The reported figure compared favorably with breakeven earnings in the year-ago quarter.Revenues of $609.27 million beat the consensus mark by 13.57% and jumped 35.1% year over year.Quarter DetailsRevenues from Grow Solutions (52.4% of total revenues) jumped 26% year over year to $319 million. The figure lagged the Zacks Consensus Estimate by 9.08%.Industries (beyond game ...

imaginima Unity Software (NYSE:U) saw its stock dip after reporting earnings results on Monday after the close. The 3D development software company continues to see struggling top-line growth numbers, though it has made solid progress in boosting profitability. Management's guidance shows that 2024 is likely to be a transition year as the company digests the impact of focusing on its core businesses. While management is upbeat about exiting 2024 with a double-digit top-line growth rate, it is clear that con ...

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Key TakeawaysUnity Software shares fell sharply in premarket trading Tuesday after the company issued weaker-than-expected current-quarter guidance.The company has recently undergone a portfolio and cost structure reset.Monitor if Unity Software shares find support around $25 near the lower trendline of a multi-year trading range.Unity Software (U) issued current-quarter guidance well below Wall Street’s estimates as the game development company undergoes a portfolio and cost structure reset, sending its sh ...

Unity Software Inc. (U) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.05%. A quarter ago, it was expected that this company would post earnings of $0.15 per share when it actually produced earnings of $0.18, delivering a surprise of 20%.Over the last four quarters, the company ...

Unity Software Inc. (NYSE:U) Q4 2023 Earnings Conference Call February 26, 2024 5:00 PM ET Company Participants Daniel Amir - Vice President and Head, Investor Relations Jim Whitehurst - Interim Chief Executive Officer Luis Visoso - Chief Financial Officer Conference Call Participants Jason Bazinet - Citi Dylan Becker - William Blair Brian Fitzgerald - Wells Fargo Tim Nollen - Macquarie Michael Funk - Bank of America Chris Kuntarich - UBS Andrew Boone - JMP Securities Matthew Cost - Morgan Stanley Jonathan ...

Unity Software shares plummeted 17% in extended trading on Monday after the gaming software company issued weaker-than-expected guidance for the current quarter.Here's how the company did:Earnings: Loss of 66 cents per share. The results may not be comparable to the 46-cent loss predicted by analysts, according to LSEG, formerly known as Refinitiv. Revenue: $609 million vs. $596 million as expected by analysts, according to LSEG.Unity said it expects first-quarter adjusted earnings of $45 million to $50 mil ...

Unity Software Inc. shares were tumbling in late trading Monday after the app-monetization company whiffed with its latest results and forecasts.The company forecast $415 million to $420 million in fiscal first-quarter revenue for what it calls its “strategic portfolio,” deeming that its non-strategic portfolio will not be a meaningful contributor to revenue going forward. The FactSet consensus was for $534 million in revenue. Unity U, +5.69% also sees full-year revenue of $1.7 billion to $1.8 billion for t ...