Shares of Unity Software Inc (NYSE: U) tanked in early trading on Tuesday, after the company reported a higher-than-expected loss for the fourth quarter.
Unity's fourth-quarter revenue increased 35% year-over-year to $609 million, which beat the consensus estimate of $562.71 million. The company reported a quarterly loss of 66 cents per share, which missed analyst estimates for a loss of 42 cents per share, according to Benzinga Pro.
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