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Roblox: Q1 Earnings Snapshot

SAN MATEO, Calif. (AP) — SAN MATEO, Calif. (AP) — Roblox Corp. (RBLX) on Thursday reported a loss of $246 million in its first quarter.

On a per-share basis, the San Mateo, California-based company said it had a loss of 35 cents. Losses, adjusted for non-recurring costs, were 29 cents per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 43 cents per share.

The online gaming platform posted revenue of $1.44 billion in the period. Its adjusted revenue was $1.73 billion, which met Street forecasts.

For the current quarter ending in June, Roblox said it expects revenue in the range of $1.55 billion to $1.61 billion.

The company expects full-year revenue in the range of $7.33 billion to $7.6 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RBLX at https://www.zacks.com/ap/RBLX

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Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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