Roku Stock May Be Down, but It's Not Out -- Not by a Long Shot
It was inevitable. After putting up blistering 360% gains so far in 2019, Roku (NASDAQ: ROKU) has come crashing down. In the wake of the company's third-quarter earnings report, the stock plummeted as much as 20% from the previous day's close, though it's lately down about 11%.
Roku's financial results were better than expected, with modest beats on the top and bottom line. The company even raised its full-year forecast, but the guidance was lower than some investors had hoped for, sending the stock tumbling.
Let's review the quarter to see what the future holds for the streaming pioneer.
Source Fool.com
