Unity Software shares fell in the extended session Wednesday after the company's outlook fell short of Wall Street estimates on a weak mobile-ad market.
Unity Software Inc. shares fell in the extended session Wednesday after the game-engine and app-monetization company’s outlook fell short of Wall Street estimates on a weak mobile-ad market.
Unity forecast revenue of $470 million... Unity Software Inc. shares fell in the extended session Wednesday after the game-engine and app-monetization company’s outlook fell short of Wall Street estimates on a weak mobile-ad market. Unity forecast revenue of $470 million to $480 million for the first quarter, and revenue of $2.05 billion to $2.2 billion for the year. Analysts surveyed by FactSet had estimated revenue of $520.5 million for the first quarter, and revenue of $2.21 billion for the year.
The company reported a fourth-quarter loss of $275.1 million, or 82 cents a share, compared with $162.1 million, or 56 cents a share, in the year-ago period.Analysts had forecast adjusted earnings of a penny a share on revenue of $439.9 million.
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