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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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.
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