Is Unity Software Stock a Buy Now?

Unity Software's (NYSE: U) stock price plunged 29% during after-hours trading on May 10 following its first-quarter earnings report. The game-development software company's revenue rose 36% year over year to $320.1 million but missed analysts' estimates by $1 million.

On a non-generally accepted accounting principles (non-GAAP) basis, Unity narrowed its net loss from $27.3 million to $25.4 million, or $0.08 per share -- which matched analysts' expectations. On a GAAP basis, its net loss widened from $107.5 million to $177.6 million.

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Source Fool.com