Skip to content

Roblox shares rise 12% after company beats estimates and issues strong guidance

Roblox shares rise 12% after company beats estimates and issues strong guidance

In this articleRBLXFollow your favorite stocksCREATE FREE ACCOUNTDavid Baszucki, chief executive officer and co-founder of Roblox Corp., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, on Thursday, April, 21, 2022.David Paul Morris | Bloomberg | Getty ImagesRoblox reported results for the fiscal fourth quarter on Wednesday that beat consensus estimates on the top and bottom lines. Shares jumped 13% in pre-market trading.Here’s how the company did:Losses per share: 52 cents vs. 55 cents expected by analysts, according to LSEG, formerly Refinitiv.Revenue (bookings): $1.13 billion vs. $1.08 billion expected, according to LSEG.The revenue figure is what Roblox calls… 

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *