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. 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. For the second quarter, Unity expects its revenue to rise just 6% to 8% year over year, which broadly misses the consensus forecast for 31% growth.