Streaming Stock Lower After Earnings Whiff
Roku's fourth-quarter losses were wider than expected, and analysts are chiming inStreaming stock Roku Inc (NASDAQ:ROKU) is 17% lower before the bell, following the company's mixed fourth-quarter report. Roku reported adjusted losses of 55 cents per share that fell short of expectations, while revenue of $984 million bested estimates. Roku also forecasted a much weaker first-quarter loss, as it faces off with Netflix (NFLX) and Amazon.com (AMZN) for advertising dollars.In response, Oppenheimer downgraded RO ...