NEW YORK, March 01, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Unity Software Inc. (“Unity” or the “Company”) (: U). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Unity and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On February 22, 2023, Unity reported its financial and operating results for the fourth quarter and full year 2022, as well as revenue outlook for 2023. For the fourth quarter of 2022, Unity reported a loss of $0.82 per share on a GAAP basis and a 51% increase in operating expenses. Unity also reported first-quarter and full-year revenue guidance that fell significantly short of expectations.
On this news, the Company’s stock price fell $6.00 per share, or 15.85%, to close at $31.85 per share on February 23, 2023.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980
