What's Going On With Unity Software Stock Today?
Portfolio Pulse from Adam Eckert
Unity Software Inc (NYSE:U) reported Q2 results with revenue increasing over 80% YoY to $533.48 million, beating consensus estimates. The company also reported a quarterly loss of 51 cents per share. Adjusted EBITDA was $99 million, an improvement of $136 million YoY. Unity raised its full-year guidance range by $40 million, with new full-year revenue guidance of $2.12 billion to $2.2 billion. Several analysts raised price targets on the stock following the results.
August 04, 2023 | 1:56 pm
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POSITIVE IMPACT
Unity Software reported strong Q2 results and raised its full-year guidance, leading to several analysts raising their price targets.
Unity Software's strong Q2 results and raised full-year guidance indicate a positive outlook for the company, which has led to several analysts raising their price targets. This could potentially lead to an increase in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100