Roblox a Winner!
Live Blog Update #2 Published
Roblox (Nasdaq: RBLX | MSFT Price Prediction) — not an S&P 500 component — is up a big 14% this morning despite reporting worse than expected “earnings.” Actually, a loss of $0.41 per share. Bookings, however, came in at $1.4 billion, nearly $200 million ahead of expectations, foreshadowing stronger revenue and profits in quarters to come.
Management further forecast bookings of about $1.6 billion in Q3, and $5.9 billion or even $6 billion for the year.
All Updates from Live Coverage
Live
Pharmaceuticals giant Bristol-Myers Squibb (NYSE: BMY) earned $1.46 per share in Q2, forty cents better than expected. Revenue beat estimates by nearly $1 billion — $12.3 billion. Rounding out the good news, Bristol-Myers said it will earn between $6.35 and $6.65 this year, the entire range of which was above analyst forecastss for $6.32.
All to no avail. Bristol-Myers stock is down 4.2% so far today. And the gain on the Vanguard S&P 500 ETF has shrunk to 0.4%.
Live
In further S&P 500 component earnings news, MasterCard (NYSE: MA) reported this morning that Q2 earnings were a dozen cents more than analysts forecast — $4.15 per share. Revenue topped expectations by $200 million — $8.1 billion.
MasterCard stock is up 2.7%, and the Voo has retreated only a bit, still up 0.8%.
Joel South covers large-cap stocks, dividend investing, and major market trends, with a focus on earnings analysis, valuation, and turning complex data into actionable insights for investors.
He brings more than 15 years of experience as an investor and financial journalist, including 12 years at The Motley Fool, where he served as an investment analyst, Bureau Chief, and later led the Fool.com investing news desk. He has also co-hosted an investing podcast and appeared across TV and radio discussing market trends.
Top Gaining Stocks
Top Losing Stocks