$RBLX
Added 2024-05-09 13:07:19 +0000 UTC$RBLX is taking a big beaten in the PM now after lowering its guidance for the year.
** Co sees FY24 bookings between $4 bln and $4.10 bln, down from prior forecast of $4.14 bln and $4.28 bln
** Forecasts FY24 revenue between $3.45 bln and $3.53 bln, below Wall Street view of $4.19 bln - LSEG data
** Co expects Q2 revenue in the range of $855 mln and $880 mln, below analysts' average estimate of $934.1 mln
Not a great guidance and the market is not being kind here, down -26% right now.
Back down to the wedge trend line is likely here and the last line of defence will be the 0.887 Fib at $25 for me to keep this impulse structure in place but they will need a number of positive earnings after this report I believe.
