Roblox shares soar 21.5% after strong quarterly results as U.S. stocks decline

U.S. stocks fell on Thursday, with the Dow Jones index down about 200 points. However, shares of Roblox Corporation surged 21.5% to $52.13 after reporting better-than-expected third-quarter results, including a 29% revenue increase to $919 million. Other companies also saw significant gains. Root, Inc. shares jumped 138% after strong quarterly results, while Alphatec Holdings rose 40% following better-than-expected revenue and an updated forecast. Paycom Software and Lemonade, Inc. also reported strong earnings, boosting their stock prices by 24.7% and 25.8%, respectively.