![]() ![]() The company also announced that it would restructure specific departments and teams, with layoffs helping it position itself for long-term and profitable growth. Unity reported a net loss of $254 million, or 67 cents per share, for the quarter. It has a subpar IBD Composite Rating of 22 out of 99. The company expects to report $510 - $520 million in Q2 revenue, topping estimates of $509 million. Unity stock ranks ninth out of 12 stocks in IBDs Computer Software-Design industry group, according to IBD Stock Checkup. For the quarter, revenue was $500 million, up 56% year over year. The company announced Q1 earnings on May 10th and reported a beat on revenue. It’s now trading at 28.65, about 86 lower than its all-time high of 210 in November 2021. Over the years, Unity has expanded its offerings to include desktop, mobile, tablets, consoles, 3-D, web-based, and virtual reality platforms. Gaming software giant Unity Software ( NYSE:U) perhaps looks like a dead stock. Unity was one of the first developers to fully support the iPhone operating system, making it a go-to choice for game developers. Unity is a game development platform that allows users to create and build interactive 2-D and 3-D environments for gaming and other applications. While the announcement sent Unity stock soaring, it had the opposite effect on Apple’s share price, with the tech giant pairing back earlier gains in the session and closing the day in the red. The announcement came during Apple’s Worldwide Developers Conference (WWDC) on Monday, where Apple unveiled a new major product for the first time in almost a decade, the Vision Pro. Stock forecasts » U » 2023 Unity Software (U) stock forecast for 2023 Last update: J(07:12) Sector: Technology The share price of Unity Software Inc.
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