• Roku's Earnings Beat Street, But Stock Plunges 21% On Forecast

    7 monthes ago - By Deadline

    Roku 's shares plunged nearly 22% in after-hours trading Wednesday after the company issued a forecast losses for the coming quarter.
    The maker of streaming TV devices predicted first-quarter revenue of $120-$130 million, falling short of the $131.7 million estimate of analysts surveyed by Thomson Reuters. It also forecast a loss of $15 to $21 million in the coming quarter - citing the impact of an accounting rule change governing when customer revenue can be...
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  • Roku Stock Tanks 20 Percent After Hours on Lukewarm Forecast

    7 monthes ago - By The Wrap

    Roku Inc. beat analyst estimates on both revenue and earnings per share when it reported its Q4 earnings on Wednesday - yet its stock was clobbered in after-hours trading.
    The popular over-the-top device-maker posted sales of $188.3 million and earnings of 6 cents a share for the quarter - passing expectations of about $182 million in revenue and a loss of 10 cents a share. Roku also reported 19.3 million active accounts across its product line - a 44 percent increase year-over-year.
    But Wall Street is unimpressed with the company's guidance for 2018, with Roku projecting Q1 revenue...
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