Roku falls on bleak revenue forecast

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

(Reuters) -Shares of Roku Inc fell more than 20 per cent in extended trading on Wednesday after the streaming platform said it expects fourth-quarter revenue to be lower than last year. The company expects total revenue to be about $800 million in the fourth quarter, down from $865.33 million an year earlier.

-Shares of Roku Inc fell more than 20 per cent in extended trading on Wednesday after the streaming platform said it expects fourth-quarter revenue to be lower than last year.

The forecast mirror warnings signals on ad spending from Snap Inc as companies cut their advertising budgets to rein in costs.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EBay beats third-quarter revenue estimates, shares rise(Reuters) - Ecommerce company eBay Inc on Wednesday beat Wall Street targets for third-quarter revenue as consumers snapped up luxury souvenirs and quirky gifts on its platform.Shares of the company were up 7 per cent in extended trading, following an about 40 per cent slump so far this year.Ebay h
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Vera Wang shares her secrets to looking youthful at 73Fashion designer and bridal dress icon Vera Wang remains as youthful as ever at 73. Some people have even said that she is ageing backwards. The designer credit
Source: IndependentSG - 🏆 2. / 72 Read more »

Jamus Lim takes daughter trick-or-treating on Halloween at Compassvale, shares their 'spooky' photos and the fun they had together -'Thanks to all the families who took the time and effort to create an event that has brought so much joy to so many children (including my own)! ... yet another testament of the wonderful kampong spirit that SengkangGRC residents carry.' — Jamus Lim wah! luckee u didnt doe d whole hdb block runnin arnd bcoz u mite larged sum halloween kids..
Source: IndependentSG - 🏆 2. / 72 Read more »

EBay beats third-quarter revenue estimates, shares rise(Reuters) - Ecommerce company eBay Inc on Wednesday beat Wall Street targets for third-quarter revenue as consumers snapped up luxury souvenirs and quirky gifts on its platform.Shares of the company were up 7 per cent in extended trading, following an about 40 per cent slump so far this year.Ebay h
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »