Roku stock stumbles on Q4 outlook

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Shares of Roku (ROKU) fell in after-hours trading. The company posted a loss per share of $0.06 versus an estimated loss of $0.33. Net revenue of $1.06 billion just surpassed the Bloomberg consensus estimate of $1.02 billion.

For the fourth quarter, Roku sees net revenue of $1.14 billion, compared to the estimated $1.11 billion, and a gross profit of $465 million, versus the $476.8 million expectation. Adjusted Ebitda is forecasted to be $30 million, short of the estimated $36.2 million.

Yahoo Finance Senior Reporter Alexandra Canal breaks down Roku's results in the video above.

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This post was written by Stephanie Mikulich.