Why Roku Shares Are Rising


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

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According to data from Benzinga Pro, Roku has a 52-week high of $490.76 and a 52-week low of $72.63.


Image and article originally from www.benzinga.com. Read the original article here.