Roku Inc ROKU shares are trading higher by 9.55% to $71.78 Monday afternoon as the stock rebounds after falling last week following weak second-quarter earnings and third-quarter guidance.
What Happened?
Roku last week reported quarterly losses of 82 cents per share which missed the analyst consensus estimate of a loss of 68 cents by 20.59 percent. Roku also reported quarterly sales of $764.41 million which missed the analyst consensus estimate of $805.64 million by 5%.
Traders and investors are also reacting to weak guidance from the company. Roku's third-quarter 2022 net revenue estimate of approximately $700 million came in markedly lower than the analyst consensus estimate of $901.73 million... Read More
See Also: Royal Caribbean Group Shares Are Falling: What's Happening?
According to data from Benzinga Pro, Roku has a 52-week high of $490.76 and a 52-week low of $72.63.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
