Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is Roku Stock a Buy?

TheMotleyFool

0 0

Roku's (NASDAQ: ROKU) stock tumbled after the streaming media company posted its second-quarter results on Aug. 4. It easily beat analysts' estimates on the top and bottom lines, but concerns about its slower growth in active accounts and streaming hours, along with a negative gross margin at its hardware division, sparked an ugly sell-off. Does this post-earnings dip represents a buying opportunity, or signal worse things to come?

Roku's revenue surged 81% year over year to $645.1 million, beating estimates by $26.8 million and accelerating from its 79% growth in the first quarter. It generated a net profit of $73.5 million, compared to a loss of $43.1 million a year ago, and its EPS of $0.52 crushed estimates by $0.45.

Image source: Getty Images

Source Fool.com

Like: 0

ROKU

Share