Unity shares jump after upbeat preliminary results, strategic overhaul

Shares of Unity Software Inc (NYSE:U) rose about 17% at the open on Friday after the videogame software company reported preliminary first-quarter results that topped its own forecasts and signaled further strategic changes to streamline its business. Unity said it expects first-quarter revenue of $505 million to $508 million, above its prior guidance of $480 million to $490 million.