Roblox — Shares tumbled more than 15% after the company reported a bigger loss than expected for the third quarter. The video-game company had a loss per share of 50 cents, versus 35 cents expected by analysts, according to Refinitiv. However, Roblox beat on bookings revenue.
Kroger — Shares rose 2.6% after Evercore ISI upgraded the company to outperform and boosted its price target, saying shares can surge 18% in the next year. The upgrade comes as Evercore sees Kroger well-positioned to gain as high inflation drives consumers to spend less at restaurants and more at grocery stores. The chain’s merger with Albertsons could also give shares a boost.
