What's Going On With Roku Stock Thursday?
Portfolio Pulse from Dylan Berman
Roku Inc (NASDAQ:ROKU) shares fell 21.6% despite reporting better-than-expected Q3 results, with a loss of 6 cents per share and $1.06 billion in sales. Analysts adjusted price targets, with some maintaining positive ratings. Roku anticipates Q4 revenue of $1.14 billion.
October 31, 2024 | 5:55 pm
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NEGATIVE IMPACT
Roku shares dropped 21.6% despite better-than-expected Q3 results, with a loss of 6 cents per share and $1.06 billion in sales. Analysts adjusted price targets, with some maintaining positive ratings.
Roku reported better-than-expected Q3 results, but shares fell 21.6%. This suggests that despite positive earnings, market sentiment is negative, possibly due to future outlook or other factors. Analysts adjusted price targets, indicating mixed expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100