Unity Software jumps on earnings beat, upbeat guidance
+15.05% to $40.81 from $35.47
What moved U
- Unity reported second-quarter earnings of $0.28 per share and revenue of $546.5 million, both above the $0.25 and $514.2 million estimates, with revenue up 24% year-over-year.
- Strategic revenue climbed 38%, led by a 35% surge in Grow Solutions revenue to $389 million.
- Unity guided third-quarter strategic revenue to $540 million-$550 million and said it now expects GAAP net income profitability in the third quarter, a quarter earlier than previously anticipated.
Sources: Benzinga · Seeking Alpha