Unity's stock crumbles as earnings, forecasts underwhelm

Unity Software Inc. shares were tumbling in late trading Monday after the app-monetization company whiffed with its latest results and forecasts.The company forecast $415 million to$420 million in fiscal first-quarter revenue for what it calls its “strategic portfolio,” deeming that its non-strategic portfolio will not be a meaningful contributor to revenue going forward. The FactSet consensus was for $534 million in revenue. Unity U, +5.69$1.7 billion to $1.8 billion for t ...