4 Silver Linings of Roku's Poorly Received Quarter
Roku (NASDAQ: ROKU) opened sharply lower on Thursday morning, having posted its third-quarter results the night before. It wasn't a rough report, but expectations had been high with Roku reigning as this year's biggest gainer among large-cap stocks.
The stock markdown is warranted. Revenue growth decelerated after three quarters of acceleration. The pace slowed on both the platform and hardware fronts. Roku raised most of its full-year guidance metrics, but it did dial back its goal for adjusted EBITDA. You don't see a stock more than quadruple in 2019 and keep heading higher unless it's firing on all cylinders. However, dig a little deeper into Roku's report and you will find more than a few encouraging signs that its fundamentals are stronger than ever. Let's go over some of the bright spots.
Image source: Roku.
Source Fool.com
