U.S. Stocks Open Mixed on Tuesday; Roblox Shares Jump 13%

Tiger Newspress2023-01-17

The Dow Jones Industrial Average fell Tuesday as investors struggled to keep building on early 2023 momentum and weighed the latest earnings results.

The blue chip stock index lost 140 points, or 0.4%. The S&P 500 dropped 0.3%, while the Nasdaq Composite slid 0.3%.

Shares of Roblox Corp. were surging more than 13% after the company released December monthly metrics that showed bookings ahead of at least one analyst's expectations for the period. Roblox estimates $430 million to $439 million in bookings for the month of December, while Wedbush analyst Nick McKay wrote recently that his implied estimate for the period was for $393.5 million. He said that Wall Street's estimates were for $410.4 million. The company had 61.5 million daily active users during December, and it estimates that it saw $189 million to $199 million in revenue during the period.

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  • Hk01
    2023-01-17
    Hk01
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