Roblox Q4 2023 GAAP EPS $(0.52) Beats $(0.56) Estimate
Portfolio Pulse from Benzinga Newsdesk
Roblox (NYSE:RBLX) reported Q4 2023 GAAP EPS of $(0.52), surpassing the $(0.56) estimate by 7.14%. However, its quarterly sales of $749.90 million fell short of the $1.07 billion estimate by 30.22%, marking a 16.63% decrease from the previous year.
February 07, 2024 | 1:01 pm
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Roblox's Q4 2023 earnings surpassed EPS estimates but missed on revenue, showing a significant sales decline from the previous year.
While Roblox beating EPS estimates is positive, the significant miss on revenue and the year-over-year sales decline are concerning. These mixed results could lead to neutral short-term stock price movement as investors weigh the positive EPS against the negative sales performance.
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