Why Roku Stock Is Crashing Today
Roku(ROKU) The Motley Fool·2024-10-31 16:49Why did Roku's stock crash despite strong earnings? Flimsy reasons behind the price drop could amount to a buying opportunity.Shares of media-streaming technology expert Roku (ROKU -22.07%) took a swan dive on Thursday, after the company reported third-quarter results on Wednesday evening. The stock was down by 20.6% at 11:45 a.m. ET.Why Roku's stock fell despite strong resultsThe third-quarter report was quite solid. Revenue rose 16% year over year to $1.06 billion. Gross profit increased by 30% and adjust ...