Why Roku Stock Pulled Back Today
Shares of Roku (NASDAQ: ROKU) were heading lower today after the video streaming company said in its first-quarter earnings report that ad growth would be slower than originally anticipated due to the impact of the COVID-19 pandemic. Though the streaming-device maker showed off solid growth in other areas like users and hours watched, the warning about ad sales was enough to send investors packing.
As of 12:19 p.m. EDT, the stock was down 7.8%.
Image source: Roku.
Source Fool.com