ROKU stock plunged 16% in early trading on Thursday despite Roku (NASDAQ:ROKU) reporting better than expected Q3. The company bottom- and top-line were better than Wall Street estimates in the quarter.
Roku’s Q3 Revenue Beats Analyst EstimatesIn the third quarter, analysts had expected a loss per share of $0.28, but Roku posted a net loss of $0.22 per share. Roku reported a 50% YoY revenue growth to $260.9 million, up from $173.4 million. Analysts expected revenue for the quarter to be around $256.4 million.
The number of active user accounts also increased from ...
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