Roku Rallies After Strong Sales Forecast Amid Streaming Growth
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Roku Inc. shares rallied after its quarterly revenue forecast topped the average analyst estimate, signaling demand for its video-streaming services continues to climb.
The company forecast second-quarter revenue between $610 million and $620 million. The average of analyst estimates was $551.7 million, according to data compiled by Bloomberg. Roku shares rose more than 5% in postmarket trading.