Roku Shares Decline Despite Raised Full-Year Forecast

about 2 months ago

"Let's take a look at Roku shares coming through full year net revenue forecast meeting estimates here. They actually boost that full year net revenue forecast. They met their estimates on the look ahead but you can see that their shares are falling 10% postmarket right now. They see full year net revenue $4.69 billion. They had seen $4.65 billion. The estimate had been for $4.66 billion but still you can see the shares really taking a whack in the after hours, now down 14%."

The commentary details Roku's earnings update where, despite raising its full-year net revenue forecast slightly above estimates, shares are experiencing a sharp after-hours decline, reflecting investor caution.

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