Unity (U) to Acquire Parsec

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Go back to Unity (U) to Acquire Parsec

Unity Software (U) Gains on a Beat-and-Raise, Announces Takeover of Parsec for $320 Million, Analysts Positive and Raise PTs

August 11, 2021 8:30 AM EDT

Shares of Unity Software (NYSE: U) are trading about 2% higher in pre-open Wednesday after the company delivered an impressive beat-and-raise and raised guidance.

Unity posted a Q2 loss of $0.02 per share on sales of $273.6 million to top the analyst consensus of a loss of $0.11 per share on sales of $242.3 million. Unity previously guided for Q2 sales of $242.5 million, at the midpoint of guidance.

At Unity, our goal is to provide creators with the best tools to succeed as RT3D creators. Unity is designed to enable creators to build anything digital... More

Unity Software (U) PT Raised to $125 at Oppenheimer

August 11, 2021 7:06 AM EDT

Oppenheimer analyst Brian Schwartz raised the price target on Unity Software (NYSE: U) to $125.00 (from $103.00) while maintaining an Outperform rating.

The analyst commented, "Unity delivered better than expected 2Q results with sales 13% above consensus and significantly narrowed operating losses. It also raised 2021... More