Roku crushes its first-ever earnings as a public company, shares rocket up over 25%
Nov 9, 2017, 02:52 IST
Streaming TV box provider Roku beat Wall Street revenue estimates on its first-ever earnings report as a public company, posting revenue of $124.8 million versus analyst consensus of $110 million.
Advertisement
The company also provided revenue guidance for the next quarter that was above expectations, indicating that it expects to generate $175 million to $190 million in revenue in the holiday shopping quarter.
The good news sent shares of Roku spiking as much as 28% in after-hours trading, hovering around $23.75 a share, before giving up some of the gains and trading up 22%.
Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!