Don’t Touch Roku “Even After It’s 8.7% Earnings Beat”
Roku started strong out of the gate reporting total net revenue growth of 12% year over year to $761 million.While that is great that they continue to grow revenue, the key metric gross profit has seen zero incremental growth in four quarters and actually down 2% to $357m year over year.On top of that, gross profit is set to collapse to $325m based on its released guidance.
Tags: NASDAQ: ROKU, Stocks, streaming
The post Don’t Touch Roku “Even After It’s 8.7% Earnings Beat” appeared first on Money Morning – We Make Investing Profitable.
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