Feb 21, 2018
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Roku stock tanks 18% after sharing financials, outlook

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Despite surpassing analyst expectations for the quarter, Roku disappointed Wall Street when it shared its fourth-quarter earnings after the bell on Wednesday. The digital streaming business fell about 18% in after-hours trading, in the minutes following the news release. Roku posted $188.3 million revenue, when Yahoo! Finance estimates showed $182.5 million. It’s also up from $147.3… Read More

Despite surpassing analyst expectations for the quarter, Roku disappointed Wall Street when it shared its fourth-quarter earnings after the bell on Wednesday. The digital streaming business fell about 18% in after-hours trading, in the minutes following the news release. Roku posted $188.3 million revenue, when Yahoo! Finance estimates showed $182.5 million. It’s also up from $147.3… Read More

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