Down Over 60% Year to Date, Can Unity Software Stock Rally?
UUnity Software(U) The Motley Fool·2024-08-14 20:20

Why there could be a better stock to buy in the space.In its first earnings report under Matt Bromberg, the new CEO of Unity Software (U 6.84%) slashed the company's guidance for the year and looked to reset expectations. It is the next step in trying to turn around a company that has seen its stock slump over 60% in 2024.Let's take a close look at Unity's most recent earnings report and the potential for a turnaround.Slashing guidanceThings started to turn south for Unity last fall when the company tried t ...