Investing.com - Roblox reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Roblox announced earnings per share of $-0.50 on revenue of $517.7M. Analysts polled by Investing.com EPS of $-0.30 on revenue of $690.79M.
Roblox 's are down 0.45% and is trading at $31.58 , still down 77.70% from its 52 week high of $141.60 set on Monday, November 22, 2021.
Roblox shares lost 19.32% to trade at $31.58 in intra-day trade the report.
Roblox follows other major Communication Services sector earnings this month
Roblox's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of $1.06 on revenue of $69.09B, EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on Wednesday, October 26, 2022 with third quarter EPS of $1.64 on revenue of $27.71B, for EPS of $1.93 on revenue of $27.57B.
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