Stock market anomaly | Q3 financial report significantly outperforms expectations, Unity Software (U.US) surges over 11%

According to the app of cnstock, on Wednesday, the stock price of Unity Software (U.US) rose, as of the time of writing, the stock has risen by more than 11%, reaching $39.94 per share. The company's third-quarter financial report released was significantly better than market expectations, leading to a significant improvement in investor sentiment. The financial report shows that for the third fiscal quarter ending on September 30, Unity's adjusted earnings per share were $0.20, significantly higher than the Wall Street expectations of $0.17. Quarterly revenue increased by 5% year-on-year, reaching $4.71 billion, also exceeding the market estimate of $4.50 billion. In terms of business segments, the revenue of the Create Solutions department was $1.52 billion, higher than the $1.47 billion in the same period last year, while the revenue of Grow Solutions increased from $2.99 billion to $3.18 billion, showing steady expansion in the core product lines.