Roku shares fell as much as 20% in extended trading on Thursday after the video-streaming company issued fourth-quarter revenue and first-quarter revenue guidance that came in below consensus.
Here’s how the company did:
- Earnings: 17 cents per share, adjusted, vs. 9 cents per share as expected by analysts, according to Refinitiv.
- Revenue: $865.3 million, vs. $894.0 million as expected by analysts, according to Refinitiv.
With respect to guidance, Roku called for $720 million in first-quarter revenue, which implies 25% revenue…