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Benzinga
Benzinga
Business
Henry Khederian

Why FuboTV Shares Are Falling After Roku's Fourth-Quarter Earnings Report

NYSE Roku Inc

FuboTV Inc (NYSE:FUBO) shares are trading lower by 26.1% at $106.90 in sympathy with Roku Inc (NASDAQ:ROKU), which reported worse-than-expected fourth-quarter sales results and issued first-quarter net sales guidance below estimates.

Traders and investors will be watching for FuboTV's fourth-quarter earnings report, confirmed for Wednesday, February 23 after market close. According to analyst consensus estimates for the fourth-quarter, FuboTV is expected to report a loss of 67 cents per share on revenue of $213.07 million.

See Also: 'We'll Play The Long Game': DraftKings CEO Remains Confident In Strategy Despite Stock Plunge

FuboTV has a 52-week high of $46.30 and a 52-week low of $8.30.

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