Roku Stock Jumps as New Accounts Growth Accelerates
Shares of Roku (NASDAQ: ROKU) soared during after-hours trading on Monday, rising nearly 11% at one point. The stock's big jump follows a business update from the streaming-TV platform in which Roku said it saw a big impact on new account growth and viewing toward the end of its first quarter as more people were sheltering at home to help curb the spread of COVID-19. In addition, management suspended its financial outlook for the full year amid economic uncertainty but also forecast its first-quarter revenue to be much higher than analysts were expecting.
Here's a look at the streaming-TV company's timely update and what it means for investors.
Image source: Roku.
Source Fool.com
