Is It Too Late to Buy Unity Stock?
3D technology company Unity Software (NYSE: U) recently reported second-quarter earnings for 2021, and investors rewarded the stock with a quick 20% increase following its results. Is this a temporary bump or part of Unity's long-term rise? Here is what might have investors excited and whether there is still time to get on board.
Investors love when companies deliver above expectations, and that is precisely what Unity did in its second quarter. Revenue was $273 million, beating estimates by 12%, and the loss of $0.02 per share came much closer to breaking even than the $012 loss analysts had expected. Since going public last year, Unity has beaten analyst estimates for both revenue and EPS every quarter.
That was the 11th consecutive quarter with at least 30% revenue growth. It was driven by an ability to get customers to spend more once they become customers (142% more on average in the quarter).
Source Fool.com
