Roku Inc’s stock tumbled 11% on Thursday after the video streaming company gave a quarterly report that Wall Street deemed not good enough to justify its sky-high valuation. Shares of the San Jose, California company, which reported a wider loss for the September quarter, are valued at an elevated 11 times revenue expected over the next 12 months, compared to a multiple of about 5 for streaming heavyweight Netflix, according to Refinitiv. Roku reported a September-quarter net loss and revenue that were better than analysts on average expected, according to Refinitiv. …read more
Source:: Yahoo Finance
