During the extended trading session on May 10, Unity Software Inc. (NYSE: U) shares lost almost a fourth of their market capitalization. The leading platform for creating and operating interactive, real-time 3D (RT3D) content delivered almost in-line first-quarter results. However, investors were hugely disappointed by the lowered FY2022 revenue guidance, well below the analyst expectations. Q1 Numbers The company reported an adjusted loss of $0.08 per share, a cent ahead of the street’s estimated loss of $0.09. The loss was better than the reported loss of $0.10 per share in the prior-year period. Meanwhile, revenues jumped 36% year-over-year to $320.1 million but modestly lagged consensus estimates of $321.35 million.
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Unity Software (NYSE:U)
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