Roku (ROKU) Tops Q4 EPS by 2c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- 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
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
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
