Roku Plunges 11.4% Post Q3 Earnings: Buy, Hold or Sell the Stock?

Roku (ROKU) shares tumbled 11.4% following its third-quarter 2024 earnings release, despite posting better-than-expected results. The streaming platform reported a loss of 6 cents per share, narrower than the Zacks Consensus Estimate of a loss of 35 cents, while revenues grew 16.47% year over year to $1.062 billion, surpassing estimates. This marked Roku's first quarter exceeding$1 billion in total net revenues, with Platform revenues rising 15% year over year.Share Price MovementImage Source: Zacks Invest ...