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Why Roku Stock Fell Today

TheMotleyFool

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Shares of Roku (NASDAQ: ROKU) were falling today as the company is set to release its first-quarter results at the end of the trading day.

The tech stock was down by 7.9% as of 1:26 p.m. EDT.

Roku's management issued first-quarter guidance back in February, with sales expected to be $485 million at the midpoint of guidance, representing a 51% increase year over year. Additionally, the company expects a gross profit of about $238 million and adjusted EBITDA of $31 million, both at the midpoint.

Source Fool.com

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