By Yasin Ebrahim

Investing.com — Unity Software reported Tuesday guidance that pointed to softer growth ahead and first-quarter results that fell short of Wall Street estimates.  

Unity Software Inc Afterhours trading for (NYSE:) dropped more than 33% following the release. 

For revenue of $320.1 millions, the company reported a $0.08 share loss in Q1. That compared with Wall Street estimates for a loss of $0.08 a share on revenue of $320.7 million.

The company stated that it expected second quarter revenue to be in the $290-$295 range, which is below its expectations of $359.7 million. 

For the full year, Unity forecasts sales of $1.35 billion to $1.43 billion, well below estimates for $1.49 billion.