Roku Inc (NASDAQ:ROKU) shares are trading lower by 1.6% to $85.55 during Thursday’s trading session in anticipation of the company’s second-quarter earnings report.
According to analyst consensus estimates, Roku is expected to report revenue of $805.64 million on an EPS loss of 68 cents.
What Else?
Wednesday saw the Federal Reserve raise its target fed funds rate by 0.75% on Wednesday to a new range of between 2.25% and 2.5%, its second 0.75% rate hike in two months.
The Fed said it will continue with its previously announced plan to let Treasury securities and agency debt and agency mortgage-backed securities roll off its balance sheet on a monthly basis… Read More
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According to data from Benzinga Pro, Roku has a 52-week high of $490.76 and a 52-week low of $72.63.
