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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.
Revenue grew by 33% year over year in the quarter, according to a letter to shareholders, compared with 51% growth in the third quarter and 81% in the second quarter.
With respect to guidance, Roku called for $720 million in first-quarter revenue, which implies 25% revenue…
Source cnbc.com
