Why Roku Stock Popped 46.5% in August
Shares of Roku (NASDAQ: ROKU) climbed 46.5% in August, according to data from S&P Global Market Intelligence, after the streaming-media platform leader announced impressive second-quarter results.
Roku soared more than 20% on Aug. 9 alone -- the first trading day after the company revealed its quarterly revenue increased 59% to $250.1 million, translating to a loss of $0.08 per share. Analysts, on average, were modeling a net loss of $0.21 per share on revenue closer to $224.4 million.
IMAGE SOURCE: ROKU.
Source Fool.com
