Unity’s stock sheds nearly a fifth of its value as earnings, forecast underwhelm
Unity Software Inc. shares were tumbling in late trading Monday after the app-monetization company whiffed with its latest results and forecasts. The company forecast $415 million to $420 million in fiscal first-quarter revenue for what it calls its “strategic portfolio,” deeming that its non-strategic portfolio will not be a meaningful contributor to revenue going forward. The FactSet consensus was for $534 million in revenue.
Unity
U,
+5.69%
also sees full-year revenue of $1.7 billion to $1.8 ...
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