Next Roblox: Why Spin Master Could Skyrocket Further Post-Earnings
Roblox! Spin Master(TSX:TOY) is fresh off an unbelievable quarter that exhibited strength right across the board. First-quarter profits surged almost 40% and management was confident enough to raise guidance following the spectacular quarter that, I believe, could be a sign of things to come. The expectation-beating quarter caused shares of Spin Master to rocket to $47 and change before pulling back modestly to end the day up 5% to $44.53. The numbers themselves were truly remarkable, especially the incredible 394% growth in the digital games segment. The latter-day pullback in the stock, I b...
Source: fool.ca