Roku's Losing Streak: Can This Stock Shape Up?
When Roku (NASDAQ: ROKU) reported fiscal 2022 second-quarter results after the markets closed on Thursday, July 28, investors were disappointed. The streaming content enabler extended its consecutive quarterly streak of gross losses in its player segment.
That wasn't the only bad news, and the stock fell 23% on the day following the report. Roku has struggled ever since the economic reopening gained momentum in 2021. The company thrived at the pandemic's onset when millions of folks sought in-home entertainment options.
Let's evaluate Roku's second quarter and determine whether it can turn things around anytime soon.
Source Fool.com
