Roku Releases Fourth Quarter and Fiscal Year 2023 Financial Results
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Roku (ROKU) shares down 16% after FQ4 earnings, Oppenheimer downgrades
February 15, 2024 4:15 PM ESTRoku, Inc. (NASDAQ: ROKU) reported its fourth-quarter earnings, slightly surpassing analyst expectations for revenue but still posting a loss per share.
The company's Q4 revenue reached $984.4 million, exceeding the consensus estimate of $965.85 million. However, the adjusted earnings per share (EPS) showed a loss of ($0.55), which was marginally better than the analyst estimate of a ($0.57) loss.
Despite the earnings beat, Roku's stock price plummeted by 16% in premarket trading Friday.
For the full year 2023, Roku achieved several milestones, including surpassing 100 billion streaming hours and ending the year with... More
Roku (ROKU) Tops Q4 EPS by 2c
February 15, 2024 4:04 PM EST(Updated - February 15, 2024 4:10 PM EST)
Roku (NASDAQ: ROKU) reported Q4 EPS of ($0.55), $0.02 better than the analyst estimate of ($0.57). Revenue for the quarter came in at $984.4 million versus the consensus estimate of $965.85 million.
Sees Q1 revenue of $850 million, higher than the consensus of... More
