Unity Software Inc. (U) shares are experiencing a notable rise today, driven by the company's impressive fourth-quarter financial results reported after the market close on Monday. Unity's revenue surged 35% year-over-year to $609 million, surpassing the consensus estimate of $562.71 million. Despite reporting a quarterly loss of 66 cents per share, the strong revenue performance has likely bolstered investor confidence, contributing to the stock's upward momentum.
Unity Software's stock is currently trading at $26.84, reflecting a 9.77% increase from its previous close of $24.45. The stock opened at $24.76 and has seen a high of $27.24 today.