Roblox (RBLX) reports wider-than-expected loss in Q1, shares recover after initial slide
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Analysts bullish on Roblox (RBLX) following strong bookings, incoming inflection point
May 11, 2023 11:25 AM EDTRoblox (NYSE: RBLX) was upgraded to Buy with a $45 price target at Benchmark on Thursday, while Roth MKM also lifted the stock to Buy, raising the price target to $48 from $37, following the game platform's earnings release.
On Wednesday, before the open, Roblox reported a first-quarter loss per share of... More
Benchmark Upgrades Roblox Corp. (RBLX) to Buy, 'Solid Growth Opportunity'
May 11, 2023 6:15 AM EDTBenchmark analyst Mike Hickey upgraded Roblox Corp. (NYSE: RBLX) from Hold to Buy with a price target of $45.00.
The analyst comments "RBLX delivered a mixed F1Q23 financial result, missing consensus view on profitability in the quarter, but delivered strong net bookings growth and a solid return to positive operating... More
Roblox tops quarterly bookings estimates on higher gaming demand
May 10, 2023 8:13 AM EDTBy Tiyashi Datta and Yamini Kalia
(Reuters) -Roblox Corp on Wednesday topped quarterly bookings estimates on Wednesday, as a wider audience swarmed to the platform for games such as "Adopt Me!" and "Pet Simulator X", pushing the company's shares up nearly 4% in morning trading.
Roblox's results follow a strong showing from videogame publisher Electronic Arts Inc and "Call of Duty" maker Activision Blizzard Inc, confirming signs of a sector-wide rebound after a slow 2022.
"April... More
Roblox (RBLX) Misses Q1 EPS by 9c
May 10, 2023 8:03 AM EDTRoblox (NYSE: RBLX) reported Q1 EPS of ($0.44), $0.09 worse than the analyst estimate of ($0.35). Bookings for the quarter came in at $773.8 million versus the consensus estimate of $768.02 million.
For earnings history and earnings-related data on Roblox (RBLX) click here.
... MoreDow futures fall 45 pts; key inflation data looms large
May 10, 2023 7:21 AM EDTInvesting.com -- U.S. stocks are seen opening marginally lower Wednesday, continuing the previous sessions cautious tone, ahead of the release of key monthly U.S. inflation data.
At 06:50 ET (10:50 GMT), the Dow Futures contract was down 45 points or 0.1%, S&P 500 Futures traded 6 points or 0.2% lower, and Nasdaq 100 Futures dropped 25 points or 0.2%.
The main indices closed lower Tuesday in muted trading, with the blue-chip Dow Jones Industrial Average ending just over 50 points or 0.2% lower, while the broad-based S&P 500 dropped 0.5% and the tech-heavy Nasdaq Composite fell... More
