Why Roku Shares Are Trading Higher Following Q2 Earnings Print
Portfolio Pulse from AJ Fabino
Roku Inc's shares are trading nearly 9% higher following its Q2 earnings report. The company reported a loss of 76 cents per share, better than the estimated $1.27 loss, and revenues of $847.2 million, surpassing the $773.43 million consensus. Roku also reported that its users streamed 25.1 billion hours in Q2, a 21% increase YoY. The company expects Q3 revenues to be around $815 million.
July 27, 2023 | 8:39 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Roku's better-than-expected Q2 earnings and positive outlook for Q3 could lead to a short-term increase in its stock price.
Roku's Q2 earnings beat estimates, which is a positive signal to investors. This, coupled with the company's positive outlook for Q3, could lead to increased investor confidence and a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100