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Benzinga
Benzinga
Business
Henry Khederian

Why Roku Shares Are Moving Following Netflix's Earnings Report

Netflix Roku Nasdaq NFLX Roku Inc

Several notable names in the streaming and entertainment sector, including Roku Inc (NASDAQ:ROKU), are trading lower in sympathy with Netflix Inc (NASDAQ:NFLX) after the company reported first-quarter earnings results.

Netflix reported quarterly earnings of $3.53 per share which beat the analyst consensus estimate of $2.90. Netflix also reported quarterly sales of $7.87 billion which missed the analyst consensus estimate of $7.93 billion by 1%. Global streaming paid net additions were down 200 thousand.

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