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