RTTNews | Nov 4, 2021 11:10AM EDT

11:10 Thursday, November 4, 2021 (RTTNews.com) - Shares of video streaming company Roku, Inc. (ROKU) are down 4 percent on Thursday's trading as the company posted third-quarter revenues, which missed the Street view. Roku also announced fourth-quarter revenue outlook below analysts estimates.

The company posted third-quarter net income of $69.0 million or $0.48 per share, higher than $12.9 million or $0.09 per share in the same period last year. Analysts were looking for earnings per share of $0.06 for the quarter.

During the three-month period, total net revenues rose to $679.9 million from $451.7 million a year ago, while analysts were looking for revenues of $683.4 million in the quarter.

For the fourth quarter, Roku forecast net revenue between $885 million and $900 million. The analysts' consensus is for sales of $944.3 million.

Currently at $299.02, the stock has traded between $207.50 and $490.76 during the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3239648/roku-down-as-q3-revenue-misses-view-q4-outlook-below-consensus.aspx)

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