FMP
Nov 02, 2023(Last modified: Dec 19, 2023)
Roku (NASDAQ:ROKU) delivered mixed third-quarter results, with a reported loss per share of $2.33, which was better than the anticipated loss of $1.96 per share. However, the company's revenue for the quarter was strong at $912 million, surpassing the Street estimate of $855.1 million.
The company's stock experienced a notable surge, nearly 30% intra-day today, following Roku's unexpected fourth-quarter guidance. Roku anticipates an adjusted EBITDA of $10 million for the quarter, defying analyst expectations of a $57.6 million loss.
For the upcoming quarter, Roku forecasts revenue to be around $955 million, aligning closely with the Street estimate of $956.8 million.
Introduction In corporate finance, assessing how effectively a company utilizes its capital is crucial. Two key metri...
Bank of America analysts reiterated a bullish outlook on data center and artificial intelligence capital expenditures fo...
Pinduoduo Inc., listed on the NASDAQ as PDD, is a prominent e-commerce platform in China, also operating internationally...