On October 30, Roblox Corporation fell 13.98% in Regular Trading, trading at $43.77 per share, with turnover of $211 million.
The move followed the company’s latest quarterly results, where third-quarter daily active users came in below Wall Street expectations and fourth-quarter guidance disappointed the market.
Roblox reported third-quarter revenue of $1.57 billion, below the $1.63 billion consensus in one market summary, while adjusted loss per share of $0.32 was narrower than expected. More importantly for sentiment, the company guided fourth-quarter bookings to $1.89 billion to $2.00 billion, below the roughly $2.01 billion market expectation, and projected a comprehensive net loss of $363 million to $423 million, wider than prior expectations. Management also indicated the outlook assumes a seasonal decline in daily active users from the third to the fourth quarter, broadly in line with recent years. Separately, Wedbush lowered its price target to $52 from $55 while maintaining a Neutral rating.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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