Is Unity Software Stock a Buy Now?
Unity Software's (NYSE: U) stock price surged 10% on Aug. 10 after the video game engine developer posted its second-quarter report. Its revenue rose 9% year over year to $297 million, missing analysts' estimates by $2 million. Its adjusted net loss widened from $1.3 million to $53.1 million, or $0.18 per share, but still cleared Wall Street's expectations by $0.03.
Unity expects its revenue to rise 10%-17% year over year in the third quarter, missing analysts' expectations for 21% growth. For the full year, it expects its revenue to increase 18%-23%, compared to its prior outlook for 23%-30% growth and the consensus forecast for 24% growth.
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Source Fool.com
