Earnings Results: Roblox stock sinks after earnings as losses swell

by | May 10, 2023 | Stock Market

Shares of Roblox Corp. were falling 12% in premarket trading Wednesday after the gaming company saw losses swell in the first quarter. The company reported a net loss of $268.3 million, or 44 cents a share, compared with a loss of $160.2 million, or 27 cents a share, in the year-earlier period. Analysts tracked by FactSet were expecting a 35-cent loss per share. Revenue…

Article Attribution | Read More at Article Source

Share This