Unity Software Inc. reports results for the quarter ended January

• Unity Software Inc U reported an adjusted loss of 32 cents per share for the quarter ended January, down from the same quarter a year ago when the company reported earnings per share of 25 cents. The average expectation of 18 analysts for the quarter was a loss of 42 cents per share. Wall Street expected results between -62 and -19 cents per share.

• Sales fell 15.8% year-on-year to $449.26 million; analysts had expected $439.45 million.

• Unity Software Inc. reported earnings per share for the quarter was 32 cents.

• The company reported a quarterly loss of $125.57 million.

• Unity Software Inc. shares fell 11.7% this quarter and are down 64.9% year to date.

FORECAST CHANGES

• Analysts’ average earnings estimate had fallen by about 2.8 percent over the past three months.

• In the last 30 days, there have been no revisions to earnings forecasts by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating of the stock is “Buy” and the breakdown of recommendations is as follows: 11 “Strong Buy” or “Buy”, 15 “Hold” and 3 “Sell” or “Strong Sell”.

• The average consensus recommendation for the software peer group is also “Buy”.

Wall Street’s median 12-month price target for Unity Software Inc. is $21.00.

This summary was machine-generated from LSEG data as of August 9 at 19:03 UTC. All figures in U.S. dollars unless otherwise noted. (For questions about the data in this report, contact [email protected]. For other questions or feedback, contact [email protected])