Reported 27 days ago
Roku's stock dropped in after-hours trading despite reporting a smaller-than-expected loss of $0.06 per share, compared to the anticipated $0.33. The company recorded net revenues of $1.06 billion, surpassing the $1.02 billion consensus. For the upcoming fourth quarter, Roku projects revenues of $1.14 billion and gross profit of $465 million, both slightly above expectations, but its adjusted EBITDA outlook of $30 million fell short of the predicted $36.2 million.
Source: YAHOO