Unity Software Q1 2024 GAAP EPS $(0.75) Misses $(0.65) Estimate
Portfolio Pulse from Benzinga Newsdesk
Unity Software (U) reported Q1 2024 earnings with a GAAP EPS of $(0.75), missing the $(0.65) estimate by 15.38%, but beat sales estimates with $460 million, a 6.59% increase over the expected $431.55 million. This represents an 8.07% decrease in sales compared to the same period last year.
May 09, 2024 | 8:16 pm
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Unity Software reported a Q1 2024 GAAP EPS of $(0.75), missing estimates by 15.38%, but exceeded sales forecasts with $460 million, despite an 8.07% year-over-year sales decrease.
The miss on the EPS estimate is likely to negatively impact investor sentiment in the short term, overshadowing the sales beat. The year-over-year decrease in sales further compounds concerns about the company's growth trajectory.
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