Why Roku Stock Was Jumping Today
Shares of Roku (NASDAQ: ROKU) were moving higher today after the streaming distribution platform easily beat revenue estimates in its fourth quarter and offered better-than-expected guidance in the first quarter, showing earlier concerns about its struggles had been overdone.
As of 12:09 p.m. ET, the stock was up 19.3% on the news.
Revenue in the quarter was flat at $867.1 million, but that was actually much better than expectations of $801.7 million, as the company had guided revenue to decline in the quarter.
Source Fool.com
