Oil jumped 6% on Thursday after Iran shot down a U.S. military drone, prompting President Donald Trump to blast Tehran on Twitter.Energy Commoditiesread more
For doubters thinking the rally is just a last gasp of the decade-long bull market, chart analysts are here to prove them wrong.Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
"I think there's a deceleration in the economy to the point where the railroads, the airlines, the companies, the lenders are all admitting that there's deceleration," says...Investingread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."CNBC Disruptor 50read more
Apple said in a letter released Thursday that tariffs could hurt its ability to compete globally.Technologyread more
Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month.US Marketsread more
Trump tweets after an Iranian surface-to-air missile shot down a U.S. military surveillance drone in what the U.S. calls an "unprovoked attack."Politicsread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
Mortgage rates have been falling steadily since the last week of April, and that may be reigniting home price appreciation. The lower the rate, the more purchasing power...Real Estateread more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Roku reported earnings of $0.05 per share compared to $0.03 expected by analysts, according to Refinitiv. The company also surpassed revenue estimates of $262 million, per Refinitiv, reporting $276 million in revenue for the quarter.
Roku's strong quarter comes as even more streaming services are expected to light up over the next year. AT&T, Disney, Apple and NBCUniversal are all scheduled to launch new streaming services in 2019 or early 2020. As the maker of the most popular TV streaming platform on the market, Roku is poised to gain a boost as those services light up.
Cord cutters continue to flock to Roku, based on growth in Roku's active accounts and streaming hours. Roku reported active account growth of more than 40 percent year-over year, reaching 27.1 million users, and a 69 percent year-over-year jump in streaming hours, now up to 7.3 billion.
Roku anticipated revenue for the upcoming quarter and full year 2019 that was in line with analyst estimates. The company expects Q1 revenue to fall between $185 million to $190 million compared to $188 million expected, per Refinitiv. It guided between $1 billion and $1.025 billion for the year, compared to analyst estimates of $985 million, per Refinitiv.
Maintaining a positive rating on Roku and updating its price target from $59 to $63, KeyBanc Capital Markets predicted 2019 could still be even better than anticipated for the stock.
"This could ultimately prove conservative if monetization of Roku ad inventory continues to scale and/or active accounts continue to accelerate," KeyBanc analysts wrote of Roku's guidance in a note Thursday night.
In a note Friday morning, Davidson analysts reiterated a buy rating and raised its price target from $49 to $60. They were pleased with Roku's active account growth and increased streaming hours and felt Roku was justified in its spending plans for 2019. Roku announced several areas of investment for 2019 in its shareholder letter, including advertising, the Roku Channel, Roku TV and international expansion.
"We believe Roku's heavy investment spend is warranted due to the highly competitive and growing OTT market and large opportunity that the company has to gain market share through active account growth," Davidson wrote.
Disclosure: NBCUniversal , which is owned by Comcast, is the parent company of CNBC and CNBC.com.