ARKW - What's Going On With Roku Shares Friday? | Benzinga
Roku, Inc. (NASDAQ:ROKU) shares are trading lower on Friday, reversing after gaining late Thursday on first-quarter earnings.
The first quarter’s gross profit was $388 million, which is up 15% year over year. Gross margin, however, contracted to 44.1% from 45.6% a year ago.
“Looking into the second half of the year, we anticipate normal seasonal spend in Sales & Marketing for Devices, which will cause Adjusted EBITDA to slightly moderate relative ...