BUZZ-Roku falls after forecasting quarterly revenue below estimates
Reuters
May 02
BUZZ-Roku falls after forecasting quarterly revenue below estimates
** Shares of streaming platform Roku ROKU.O fall 5.3% to $63.75 after the bell
** ROKU forecasts Q2 revenue of $1.07 billion, below estimates of 1.09 billion, according to data compiled by LSEG
** For the full year, ROKU sees revenue of $4.55 billion, vs estimates of $4.57 billion
** Roku has agreed to acquire subscription streaming service Frndly TV for $185 million in cash
** Reports Q1 revenue of $1.02 billion vs estimates of $1.01 billion
** Stock has fallen 9.5% YTD
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com;))
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