News Formal

Roblox Earnings Reveal Sales Miss. Why the Stock Is Jumping.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

A smaller-than-expected loss trumped a sales miss.

Roblox stock spiked on Wednesday after the videogame platform posted a smaller-than-expected loss and strong bookings.The online gaming company posted a net loss of 45 cents a share for the third quarter ended September. Analysts tracked by FactSet had penciled in 49-cent in loss. Revenue was $713 million, up 38% from a year ago, but lower than analysts forecast of $825 million.

That said, bookings, a key metric for the company that essentially measures sales of the virtual currency on its platform, was $839.5 million, up 20% from a year ago. “Bookings growth was particularly strong in Western Europe and East Asia. The U.S. and Canada still accounted for the majority of bookings growth in dollar terms among all regions,” said Michael Guthrie, chief financial officer of Roblox

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 3. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Earnings-season winners: 20 companies that have grown sales while improving profit marginsThese earnings-season winners not only increase sales, they show pricing power for their products and services
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Cava Scores on Earnings as Same-Restaurant Sales SurgeThe Mediterranean takeout restaurant chain said revenue jumped almost 50% from the same period last year.
Bron: MarketWatch - 🏆 3. / 97 Lees verder »