Why Unity Software Stock Is Falling Today
Portfolio Pulse from Ryan Gustafson
Unity Software Inc. (NYSE:U) shares are trading lower after Fitch downgraded the US credit rating, impacting risk sentiment and causing a sell-off in growth sectors such as tech. Unity is set to report Q2 earnings after the market close, with expected earnings of six cents per share and revenue of $514.18 million.
August 04, 2023 | 12:02 pm
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Unity Software's stock is trading lower due to the US credit rating downgrade by Fitch. The company is set to report Q2 earnings after the market close.
The downgrade of the US credit rating by Fitch has negatively impacted risk sentiment, leading to a sell-off in growth sectors such as tech. This has directly affected Unity Software's stock, causing it to trade lower. The company's upcoming Q2 earnings report could further impact the stock.
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