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MarketWatch First Take: Roku forecast hurts stock, but includes a major milestone

Roku Inc. investors jittery about the company’s financial expectations for the year should see the silver lining in that cloudy forecast: The story Roku has been selling investors remains intact and is headed for a major milestone.

Roku ROKU, -0.16%reported only its second quarterly profit Wednesday, but the results were overshadowed by a lower-than-expected profit forecast for the first quarter and 2018. Roku shares — which had more than tripled since it went public in September, as the Dow Jones Industrial Average DJIA, -0.67% gained 10.8% — tumbled more than 20% in after-hours trading, and were down about the same amount in premarket trade Thursday.

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