RBLX - Hot Stocks: RBLX drops on earnings news; CROX KHC rise; FUN rejects SEAS
Earnings news took the spotlight in Wednesday's pre-market trading. Roblox (NYSE:RBLX) suffered a double-digit percentage decline after its loss came in wider than analysts had predicted. Elsewhere, Crocs (NASDAQ:CROX) and Kraft Heinz (NASDAQ:KHC) both gained ground in pre-market action, boosted by the release of their respective quarterly reports. In other news, Cedar Fair (NYSE:FUN) dropped before the bell, dragged down by word that it had rejected a merger offer from SeaWorld (NYSE:SEAS). Decliners Weak quarterly results sent Roblox (RBLX) falling in pre-market trading. The online gaming company reported a wider-than-expected loss for its latest quarter. Bookings also trailed expectations at $770M. The firm's revenue jumped 84% to $569M. Weighed down by the disappointing results, RBLX dropped about 15% before the opening bell. Meanwhile, Cedar Fair (FUN) plunged nearly 12% on news that it had turned down a merger offer from fellow amusement park owner SeaWorld (SEAS). The company also released
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Hot Stocks: RBLX drops on earnings news; CROX, KHC rise; FUN rejects SEAS