Unity Software Inc. (U) Misses Q4 EPS by 88c

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Go back to Unity Software Inc. (U) Misses Q4 EPS by 88c

Unity (U) stock tumbles 19% on quarterly loss and disappointing guidance

February 26, 2024 4:26 PM EST

Shares of Unity Technologies (NYSE: U) plunged over 17% in premarket trading Tuesday after the company reported much worse-than-anticipated FQ4 earnings. In addition, the company provided disappointing guidance as restructuring efforts cut deeper into profitability than investors had expected.

The video game software developer announced a loss per share of $0.66, notably worse than the earnings per share (EPS) of $0.22 that analysts expected. Revenue came in at $609 million, surpassing the anticipated projection of $551.57 million.

For the first quarter of 2024, Unity Software projects... More