Roku, Inc. (NASDAQ:ROKU) shares are trading slightly lower in Thursday's extended trading session. Netflix, Inc. (NASDAQ:NFLX) is also down after reporting its second-quarter results after the bell.
What To Know: Netflix stock is sliding, despite beating estimates on the top and bottom lines and raising its fiscal year guidance.
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The stock had seen a significant increase in the weeks leading up to the earnings report, and some investors may have taken profits after the pre-earnings rally, leading to a decline in the stock price even with good results.
What Else: After Thursday's closing bell, Roku announced it will release its second-quarter earnings report after the closing bell on July 31.
Analysts expect the company to report quarterly losses of 15 cents per share and revenue of $1.07 billion, according to estimates from Benzinga Pro.
ROKU Price Action: According to data from Benzinga Pro, Roku stock was down 0.66% at $90.50 in Thursday's extended trading.
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