Roku shares jumped in late Wednesday trading, after the streaming-media company reported higher-than-expected revenue and a larger-than-forecast net increase in active accounts.
The streaming-media company’s net loss of $330.1 million, or $2.33 a share, was wider than the loss of $2.04 a share expected.For the fourth quarter, Roku forecast revenue of about $955 million, which would beat expectations. It also projected $10 million in adjusted earnings before interest, taxes, depreciation, and amortization.
Roku told shareholders: “We remain committed to achieving positive EBITDA for full year 2024 with continued improvements after that.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amgen’s stock jumps premarket after earnings beat and company again raises guidanceCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »
Amgen Stock Jumps on Earnings Beat, Guidance BoostThe biotechnology company beat third-quarter adjusted earnings estimates but fell a bit short on sales.
Source: MarketWatch - 🏆 3. / 97 Read more »
E.l.f.’s stock jumps 10% on earnings, revenue beat; strong guidanceJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Source: MarketWatch - 🏆 3. / 97 Read more »
DoorDash Stock Jumps On Strong EarningsConsumers continue to order out, based on the food delivery firm’s latest results.
Source: MarketWatch - 🏆 3. / 97 Read more »
Fastly’s stock jumps 12% on better-than-expected earnings, revenueJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Source: MarketWatch - 🏆 3. / 97 Read more »
Roku earnings: What to expect from the streaming powerhouseRoku reports third-quarter earnings after the close of Wednesday’s trading
Source: MarketWatch - 🏆 3. / 97 Read more »