Roku Inc beat Wall Street estimates for quarterly sales and forecast full-year r...
FILE PHOTO A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company's IPO at the Nasdaq Market in New York, U.S., September 28, 2017. REUTERS/Brendan McDermid/File Photo
The company expects full-year revenue to be in the range of $1.58 billion to $1.62 billion, the midpoint of which is above analysts’ estimate of $1.58 billion, according to IBES data from Refinitiv.in November and reached 10 million sign-ups in its first day, while Apple Inc also introduced its streaming service Apple TV+ in the same month.
Roku has shifted its focus from device sales to advertising, which is now the company’s fastest-growing revenue stream, to tap the jump in number of streaming services providers.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Roku Tops Wall Street’s Q4 Estimates, Growing To Nearly 37 Million Active AccountsRoku beat Wall Street estimates for the fourth quarter, hitting new highs in active accounts and revenue per user, though an acquisition in the period created a loss of 13 cents per share. Total re…
Read more »
Roku stock rallies further after upbeat forecastRoku Inc. shares surged 8% in after-hours trading Thursday after the company topped revenue expectations and gave an upbeat top-line forecast.
Read more »
Cisco Systems Inc.CSCO | Complete Cisco Systems Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Read more »
Wayfair Inc. Cl AW | Complete Wayfair Inc. Cl A stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Read more »
CVS Health beats on fourth-quarter earnings and revenueCVS Health report Wednesday fiscal fourth-quarter earnings and revenue that beat Wall Street's expectations.
Read more »
Mattel shares jump as earnings top estimates, but American Girl and Fisher-Price sales remain weakMattel turned in mixed fourth-quarter results after holiday revenue was weighed down by continuing sales declines in its American Girl and Fisher-Price brands.
Read more »