What's Going On With Roku Stock Today?

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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!