Plot Twist: Roku Stock Turns the Corner

Halloween was on Tuesday, but (NASDAQ: ROKU) saved a bag of treats for its investors on Wednesday afternoon. The streaming video pioneer posted fresh financial results, and it was a hit parade:

It wasn't a perfect report, but it was just what Roku shareholders needed. The stock initially moved sharply higher on the better-than-expected financial update.

Revenue rose 20% to hit $912 million in the third quarter. It's a big deal because Roku was only targeting 12% top-line growth for the quarter back in July.

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Source Fool.com