The company Roku saw its stock fall 22.29% yesterday. This happened after its 4th quarter revenue was below expectations. The company’s revenue was $865.3 million, which was lower than the analysts’ projected $894 million. The company’s revenue rate is slowing, so it missed the projected number. This is the company’s worst stock day since Nov. 8, 2018, when the shares also fell 22.29%. Roku is projecting $720 million revenue for the first quarter, which is less than the analysts’ projections of $748.5 million. Roku said the slower growth is because of supply chain disruptions, which affected the television market in the US.
Source: https://www.cnbc.com/2022/02/18/roku-stock-plunges-25percent.html
