2 Hot Growth Stocks About to Report Earnings
It's earnings season -- and two of the market's hottest growth stocks are on deck. Before the market opens tomorrow, e-commerce platform provider Shopify (NYSE: SHOP) will report its financial results for its fourth quarter of 2019. After market close on the following day, streaming-TV specialist Roku (NASDAQ: ROKU) is scheduled to release its fourth-quarter update.
Both of these companies' stocks skyrocketed in 2019. Shopify rose 187% during the year and Roku soared 337%. Year to date, Shopify has continued to rise sharply, gaining 25%. Meanwhile, Roku is up a more modest 5%. Going into these growth stocks' reports this week, investors will be looking for Shopify and Roku to report stellar results in order to justify their frothy valuations.
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Source Fool.com
