Roku shares plunge after streaming device maker breaks earnings win streak


Shares of Roku plunged on Thursday, after the streaming devices company posted third-quarter results that missed Wall Street’s expectation following multiple quarters of blowout growth.

Roku reported a third-quarter loss of 22 cents a share, worse than the 18 cents a share loss analysts surveyed by FactSet expected. Roku had beaten analysts’ expectations for quarterly earnings in seven of its last eight reports.

“ROKU broke a string of 2019 beats reporting a mixed 3Q and a frankly surprisingly mixed 4Q despite its (temporary) leadership position in the distribution of Disney+,” Pivotal Research analyst Jeffrey Wlodarczak said. “We are not surprised by the … decline indication in the…


Asian markets mixed amid conflicting reports of tariff rollbacks

Previous article

Two experts break down SoftBank’s first earnings loss in 14 years

Next article

You may also like

Leave a Reply

Notify of

More in Investing