CoreWeave reports wider-than-expected second-quarter loss as expenses jump
NEW YORK - Unity Software Inc . (NYSE:U) reported mixed third-quarter results on Thursday, with revenue beating expectations but earnings falling short. The company's shares slipped 0.77% in after-hours trading following the announcement.
The software development platform provider posted an adjusted loss per share of -$0.31 for the quarter, significantly missing the analyst estimate of $0.14 in earnings. However, Unity's revenue came in at $446.52 million, surpassing the consensus estimate of $428.42 million and marking a YoY increase.
For the fourth quarter, Unity provided revenue guidance of $422-427 million, with the midpoint slightly above the analyst consensus of $424.9 million. However, the company's full-year 2024 revenue outlook of $1.703-1.708 billion falls short of the $1.766 billion analysts were expecting.
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