Company Of The Day: Roku
What?
Streaming hardware major Roku (NASDAQ:ROKU) posted a mixed set of Q3 2021 results. While revenues were weaker than expected, coming in at $680 million, they were still up 51% up from a year earlier. EPS stood at about $0.48.
Why?
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The revenue miss was primarily due to the company’s players business, which is being impacted by the ongoing supply chain issues and semiconductor shortage.
So What?
Roku’s forecast for Q4 was also lighter than expected. The stock declined by about 8% in Thursday’s trading.
See Our Complete Analysis For Roku
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