Unity Software Reports Q2 Results, CFO Transition, Reduced Guidance
Portfolio Pulse from Erica Kollmann
Unity Software Inc. (NYSE:U) reported Q2 results with a smaller-than-expected loss and revenue that beat estimates. However, the company reduced its guidance for Q3 and the fiscal year, and announced a CFO transition.
August 08, 2024 | 8:55 pm
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Unity Software reported better-than-expected Q2 results but lowered its guidance for Q3 and the fiscal year. The company also announced a CFO transition.
While Unity Software reported better-than-expected Q2 results, the lowered guidance for Q3 and the fiscal year, along with the CFO transition, creates uncertainty. The slight after-hours increase suggests a neutral short-term impact.
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