Roku Inc. (ROKU) PT Lowered to $80 at DA Davidson

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Go back to Roku Inc. (ROKU) PT Lowered to $80 at DA Davidson

Roku (ROKU) Earns Two Downgrades After Guidance Miss as Shares Near 4-year Lows

November 3, 2022 9:06 AM EDT

Roku (NASDAQ: ROKU) shares are down more than 18% in pre-market Thursday after the streaming-video business issued a weak Q4 forecast.

Roku said it recorded a loss per share of $0.88 in the third quarter, better than the $1.29 loss expected. Revenue increased 12% to $761.4 million, better than the estimate of $702 million. The number of active customer accounts increased 16% to 65.4 million, again beating the 63.9 million consensus.... More