Unity (U) Q4 2023 earnings report


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Unity Software shares plummeted 17% in extended trading on Monday after the gaming software company issued weaker-than-expected guidance for the current quarter.

Here’s how the company did:

  • Earnings per share: Loss of 66 cents. The results may not be comparable to the 46 cent loss predicted by analysts according to LSEG, formerly known as Refinitiv
  • Revenue: $609 million vs. $596 million expected by analysts, according to LSEG

Unity said it expects first-quarter adjusted earnings of $45 million to $50 million, below the $113 million that analysts were expecting.

The company said going forward, it would only provide revenue guidance for its “strategic…

Source cnbc.com

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