The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The U.S. Air Force's top general says he hasn't received direction to send additional bombers to the Middle East after what is believed to be Iranian attacks on Saudi Arabian...Defenseread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses code-named 'Orion', people familiar with the matter told CNBC.Technologyread more
"I believe the path to 'health care for all' is a path following the lead of the Affordable Care Act," House Speaker Nancy Pelosi tells Jim Cramer.Health and Scienceread more
The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv.Retailread more
E-cigarette maker Juul Labs Inc.'s sales have been halted on two websites in China, just days after it launched in the world's biggest tobacco market.Biotech and Pharmaceuticalsread more
Roku spiked 25 percent Monday after releasing preliminary numbers for its active accounts and streaming hours for its Q4 2018.
The company handily beat the FactSet consensus estimate of 6.6 billion streaming hours, reporting an estimated 7.3 billion, up 68 percent year-over-year, according to a press release. That brings streaming hours for 2018 up to roughly 24 billion, according to Roku, up about 61 percent from 2017.
Roku also reported 27 million active accounts in its fourth quarter, up about 40 percent year-over-year. This tracks closely with analyst predictions of 27.1 million active accounts, according to FactSet estimates.
The stock ended trading at $42.18 per share Monday afternoon with a market cap of about $4.5 billion.
Roku offers streaming players and TV models that let customers stream content from various services through their devices, offering consumers a simple way to watch video content without a cable or other pay-TV subscription. Roku competes with other streaming devices like Apple TV, Amazon's Fire TV Stick and Google's Chromecast.
KeyBanc Capital Markets rated the stock as overwieght Monday with a $59 price target, saying the numbers were well above their estimates for Q4 2018. In a note, the analysts also referenced Roku's separate announcement Monday that Westinghouse Electronics will join the Roku's TV licensing program. In a press release, Roku said HD Westinghouse Roku TV models are expected in the first half of 2019, with 4K Westinghouse Roku TV models available later in the year.
"This is notable for a couple reasons. First, it is another proof point that OEMs continue to see value in the Roku operating system and validates the competitive moat," the KeyBanc analysts wrote. "Second, this is an Amazon Fire TV (smart TV) customer, which highlights Roku's strong competitive position, in our view."