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2021-11-10
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Unity Software Beats Third-Quarter Targets, Buys Weta Digital
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But Unity stock fell late.","content":"<p>Video game design and animation software maker <b>Unity Software</b> late Tuesday crushed Wall Street's sales target for the third quarter and reported a smaller loss than expected. Unity stock was in record high territory ahead of the earnings report.</p>\n<p>The San Francisco-based company lost an adjusted 6 cents a share on sales of $286.3 million in the September quarter. Analysts expected Unity to lose 7 cents a share on sales of $266.5 million, according to FactSet. 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Unity stock was in record high territory ahead of the earnings report.</p>\n<p>The San Francisco-based company lost an adjusted 6 cents a share on sales of $286.3 million in the September quarter. Analysts expected Unity to lose 7 cents a share on sales of $266.5 million, according to FactSet. In the year-earlier period, Unity lost 9 cents a share on sales of $200.8 million.</p>\n<p>In other news, Unity announced the acquisition of visual effects studio Weta Digital.</p>\n<p>Unity describes itself as \"the world's leading platform for creating and operating interactive, real-time 3D content.\" The company says its technology could provide a foundation for the coming metaverse.</p>\n<h2>Unity Stock Drops Late</h2>\n<p>In after-hours trading on the stock market today, Unity stock fell 9.2%, near 155.80. During the regular session Tuesday, Unity stock rose 5.2% to close at 171.63. Earlier in the regular session, it hit an all-time high of 177.45.</p>\n<p>Earnings report details to follow.</p>\n<p>On Aug. 11, Unity stock broke out of a cup-with-handle base at a buy point of 111.84, according to IBD MarketSmith charts. The breakout occurred after Unity delivered a beat-and-raise June-quarter report.</p>\n<p><img src=\"https://static.tigerbbs.com/7ca54d08ade3bf806740a3158d1074e4\" tg-width=\"903\" tg-height=\"654\" width=\"100%\" height=\"auto\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"U":"Unity Software Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2182864180","content_text":"Video game design and animation software maker Unity Software late Tuesday crushed Wall Street's sales target for the third quarter and reported a smaller loss than expected. Unity stock was in record high territory ahead of the earnings report.\nThe San Francisco-based company lost an adjusted 6 cents a share on sales of $286.3 million in the September quarter. Analysts expected Unity to lose 7 cents a share on sales of $266.5 million, according to FactSet. In the year-earlier period, Unity lost 9 cents a share on sales of $200.8 million.\nIn other news, Unity announced the acquisition of visual effects studio Weta Digital.\nUnity describes itself as \"the world's leading platform for creating and operating interactive, real-time 3D content.\" The company says its technology could provide a foundation for the coming metaverse.\nUnity Stock Drops Late\nIn after-hours trading on the stock market today, Unity stock fell 9.2%, near 155.80. During the regular session Tuesday, Unity stock rose 5.2% to close at 171.63. 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