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Roku Stock Falls After Slight Q3 Earnings Miss, But Revenue Per User And Other Metrics Keep Climbing
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deadline.comRoku stock dropped sharply in after-hours trading after the company reported third-quarter revenue that fell just short of Wall Street analysts’ consensus estimate.Revenue of $680 million missed the Street number by a bit more than $3 million.
On the bottom line, though, earnings per share of 48 cents far outpaced the estimate of six cents.Shares in Roku fell almost 9% to about $287 after hours.
They had ended the regular trading day at around break-even at $313.66.Results across the board were healthy for Roku, which reached 56.4 million active accounts, up 1.3 million from the year-earlier quarter.Other highlights in the quarter included an 82% jump in platform revenue (a category that includes advertising) to $582.5 million.
Read more on deadline.com
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