Roblox Stock Falls as Losses Widen
The videogame platform reports a first-quarter loss that was wider than a year earlier and wider than analysts expected.
Source: barrons.com
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The videogame platform reports a first-quarter loss that was wider than a year earlier and wider than analysts expected.
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The company reported adjusted earnings of $1.77 a share, compared with analysts' expectations of $1.34.
The company said the purpose of the reduction is to "position itself for long-term and profitable growth."