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Roku Inc. (ROKU) Is Losing Ground After Q3 Report

Roku Inc. (ROKU) reported a third quarter loss of $0.09 per share after the close Wednesday, compared to the consensus estimate of a loss of $0.12 per share. Revenues came in at $173.4 million. Analysts expected revenues of $169.08 million.

The company now expects to report full year revenues of $722 million to $732 million. Street expectations are for revenues of $722.85 million.

Roku gapped up Wednesday and climbed during the second half of the morning. The stock finished with a gain of 3.24 at $58.86. Roku is now down 6.25 on 589K shares after the bell.

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