Shares of online gaming platform Roblox Corporation (NYSE: RBLX) rebounded more than 50% from its recent low despite the release of disappointing Q1 results.
Roblox posted a loss of 27 cents per share versus a loss of 21 cents per share expected by Wall Street. The company’s Q1 revenue was $537.1 million, up by 39 per cent compared with Q1 2021 but the numbers failed to hit the Street mark of $645 million.
Read more here - https://gulfbrokers.com/en/roblox-stock-rebounds-50-after-earnings-report-what-next