Roku Releases Fourth Quarter and Fiscal Year 2023 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
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
