Don't Buy Roku After 15% Plunge - News Summed Up

Don't Buy Roku After 15% Plunge


Last September Roku went public. Revenue soared 28% to $188.3 million -- beating the $182.5 million in sales that analysts expected. Roku disappointed investors with a bigger than expected loss forecast for 2018. According to the Wall Street Journal, Roku way overshot analysts' expectations of a $35.9 million loss for 2018 which Roku now expects to be in a range from $40 million to $55 million. Roku also disappointed analysts with its forecast for sales in the current quarter.


Source: Forbes February 22, 2018 16:48 UTC



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