Tag: $Roku

Roku stock was sinking after the streaming-device company cut its financial guidance, saying the uncertain economic environment is hurting revenue from both streaming devices and advertising.

Roku dropped nearly 17% on Friday after the streaming-service provider forecast a steeper-than-expected first-quarter loss, as it struggles to compete with heavyweights such as Netflix and Amazon for advertising dollars.

Shares of Roku jumped nearly 20% on Thursday as the streaming device maker delivered a surprise core profit in the third quarter and forecast quarterly revenue above Wall Street estimates on the back of a recovery in the advertising market.

Roku  +2.46%  stock was jumping after the company said that it would fire 10% of its workforce.

Roku Inc. shares surged 8.6% in Thursday’s aftermarket action after the streaming-media company easily topped expectations with its latest results while offering upside with its forecast.

Roku ROKU +11.14% stock surged Tuesday after the streaming TV platform company said it was teaming with the e-commerce software company Shopify SHOP +1.72% to allow viewers to buy products directly through their TVs from Shopify merchants.