Roblox Earnings Forecast: RBLX loses ground ahead of Q2 with perceived weakness in videogame industry

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Roblox Earnings Forecast: $RBLX loses ground ahead of Q2 with perceived weakness in videogame industry

Wall Street expects adjusted EPS of $-0.26 of $626 million in revenue.has doubled since June 16, shares appear intimidated in the lead-up to the videogame platform's second-quarter earnings in Tuesday's post-market. RBLX stock lost some ground on Monday and is down 1.9% on Tuesday's premarket at $48.expects adjusted earnings per share of $-0.26 on revenue of $626 million. In the same quarter last year,of $-0.26 on sales of $665.5 million.

NPD Group issued a report saying overall videogame fell by 13% YoY to $12.35 billion in the second quarter. The Moving Average Convergence Divergence has been showing strongly bullish pressure for some time. Look forto use its primary moving averages for support. This stock seems unlikely to undergo another drastic sell-off at the moment.Information on these pages contains forward-looking statements that involve risks and uncertainties.

 

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