Roku's Earnings Sell-Off Is Shortsighted
Streaming-TV platform Roku (NASDAQ: ROKU) reported first-quarter results last week, and the stock sold off as much as 10% on Friday. The company had already shared some preliminary data last month that showed soaring engagement as people watch more TV while stuck at home due to the novel coronavirus outbreak. Now that Roku has reported full financial results, investors have a better sense of how the company will navigate the COVID-19 pandemic.
Here's why the sell-off is unwarranted.
Image source: Roku.
Source Fool.com
