Unity Software Stock Slides On Q3 Earnings; Details
Portfolio Pulse from Adam Eckert
Unity Software Inc reported Q3 revenue of $544 million, missing the consensus of $549.14M, and a quarterly loss of 32 cents per share, beating the consensus for a loss of 49 cents. The company experienced some revenue softness due to the runtime fee introduction and did not provide Q4 guidance due to an ongoing comprehensive assessment. Unity shares were down 12.60% after hours.
November 09, 2023 | 9:39 pm
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Unity Software's Q3 earnings missed revenue expectations and the company did not provide Q4 guidance, leading to a 12.60% drop in after-hours trading.
Unity Software's Q3 earnings report showed a revenue miss, which is typically seen as a negative by investors. Additionally, the lack of Q4 guidance can create uncertainty, which can also negatively impact the stock price. This led to a significant drop in after-hours trading.
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