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Why Roku Stock Was Jumping Today

TheMotleyFool

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Shares of Roku (NASDAQ: ROKU) were moving higher today after the streaming distribution platform easily beat revenue estimates in its fourth quarter and offered better-than-expected guidance in the first quarter, showing earlier concerns about its struggles had been overdone.

As of 12:09 p.m. ET, the stock was up 19.3% on the news.

Revenue in the quarter was flat at $867.1 million, but that was actually much better than expectations of $801.7 million, as the company had guided revenue to decline in the quarter.

Source Fool.com

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