U - Why Unity Software Stock Died Friday Morning -- Then Got Better
2023-11-10 11:59:33 ET
Shares of 3D virtual reality company Unity Software (NYSE: U) plunged 12% at the open on Friday after reporting an earnings miss Thursday evening.
Heading into Q3, analysts had forecast Unity would earn $0.17 per share on $553.7 million in sales. Instead, Unity reported a $0.32 per share loss , and its sales fell short of expectations at just $544.2 million.
That sounds like bad news, and explains the steep early sell-off at Unity. On the plus side, the stock already seems to be recovering somewhat, and as of 10:05 a.m. ET Unity is down only 3.3%.
For further details see:
Why Unity Software Stock Died Friday Morning -- Then Got Better