Roblox Corp (NYSE: RBLX) shares jumped 30% after hours on Monday after the company posted robust fiscal Q3 results thanks to demand surge with the easing of COVID-19 restrictions. As a result, the video game company reported a loss of $74 million or $0.13 per share compared to a net loss of $48.6 million or $0.26 per share a year ago. In addition, Roblox more than doubled its revenue from last year and reported revenue of $509.3 million, with bookings jumping 28% YoY to $637.8 million.
The Trade Desk reports earnings of $0.18
The Trade Desk (NASDAQ: TTD) has, over the past year, seen its stock trade as low as $46.71 and as high as $87.28. However, the company topped estimates in Q3, reporting earnings of $0.18 per share, beating estimates of $0.15 per share. In addition, the Trade Desk saw revenue jump 39% outpacing global programmatic advertising growth. For the coming quarter, the company expects to reach revenue of $388 million and adjusted EBITDA of $175 million.
Blackstone makes $250 million investment in Autolus Therapeutics
Autolous Therapeutics plc (NASDAQ: AUTL) shares jumped 30% on Monday after announcing that Blackstone Life Sciences will make a $250 million investment funding the development of its novel Leukemia Therapy. Blackstone is acquiring a 100 million equity stake in Autolus Therapeutics and will invest $150 million in the company’s Acute Lymphoblastic Leukemia cell therapy, Obecabtagene Autoleucel’s development, and marketing.
PayPal processed $310 billion payments
Payments processing company PayPal Inc. (NASDAQ: PYPL) missed Q3 2021 Wall Street estimates. After the stock jumped on better than anticipated earnings, it ended 5% lower because of lower guidance. The company processed $310 billion in payments representing a 26% YoY but missed analysts’ expectations by $2.5 billion. Net income was $1.09 billion or $0.92 per share. The company has revised full-year guidance and now expects revenue of $25.3 billion, down from $25.4 billion.
Musk to sell 10% of his stock in Tesla
Tesla Inc’s (NASDAQ: TSLA) shares lost 5% on Monday, and its CEO Elon Musk announced that he was planning to sell 10% of his holdings in the company. Musk tweeted to his 62.5 million followers, asking them if he should sell part of his Tesla stock. It is important to note that Musk had previously announced that he would sell a considerable chunk of his holdings in the company in Q4 2021.
Regeneron’s antibody cocktail shot offers up to 81.6% protection
Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) shares were up 1% pre-market after announcing that its single REGEN-COV can offer long-term protection against the SARS-CoV-2 virus. The company released data from a late-stage study that demonstrated that its antibody cocktail offer up to 81.6% protection against the virus for up to eight months.
Shiba Inu hits record high
Shiba Inu (SHIB/USD) gained significantly last month, hitting record highs of $0.000086. However, it seems the coin has started showing exhaustion signs firm the bullish trend that contributed to recent gains of 1000%.CoinGecko data shows that the coin is trading around $0.000059, 34% off its all-time high.