Bond Screener
Watchlist
Excel Add-in
API
Roku Jumps 30% as it Anticipates to be Profitable in Q4
November 2, 2023 Cbonds
| Source: Financial Modeling Prep Roku (NASDAQ:ROKU) delivered mixed third-quarter results, with a reported loss per share of $2.33, which was better than the anticipated loss of $1.96 per share. However, the company's revenue for the quarter was strong at $912 million, surpassing the Street estimate of $855.1 million. The company's stock experienced a notable surge, nearly 30% intra-day today, following Roku's unexpected fourth-quarter guidance. Roku anticipates an adjusted EBITDA of $10 million for the quarter, defying analyst expectations of a $57.6 million loss. For the upcoming quarter, Roku forecasts revenue to be around $955 million, aligning closely with the Street estimate of $956.8 million. |
Issuer — Roku
- Full nameRoku, Inc.
- Registration countryUSA
- IndustryOther sectors
