Unity Software Inc. (U) witnessed a pre-market surge of 5.31% on Thursday, despite issuing first-quarter revenue guidance below Wall Street expectations.
The company's shares rallied in the pre-market trading session, driven by its solid fourth-quarter results, which exceeded analysts' estimates on both revenue and profitability.
For the first quarter, Unity forecasted revenue in the range of $405 million to $415 million, falling short of the consensus estimate of $436.6 million. However, the company expects adjusted EBITDA between $60 million and $65 million, reflecting its continued focus on profitability.
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