Podcast: A 22.3% Roku Stock Drop and Two Other Numbers You Need to Know

image Tibor Kárpáti

Numbers By Barron's is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker

Three numbers to start your day:

The streaming-media-player company reported better-than-expected third quarter earnings and sales Wednesday. But investors were concerned about management's guidance for the coming quarter, which put profits lower than earlier predictions.

Roku is the latest company in this earnings season to beat current estimates but disappoint investors with future guidance. No surprise, that has hurt the stocks.

That's according to Merrill Lynch.

Small-caps fell earlier and harder than large-caps in this fall's market slide, and that reduced their average valuations more.

After a long bull market, however, both small and large stocks remain above their respective historical average valuations.

-in their post-meeting policy statement released Thursday.

Instead, the Fed touted a continued strong economy, low unemployment, and inflation near its 2% target. The committee left interest rates unchanged, but officials intend to continue gradually increasing rates as long as economic conditions support it.

The Fed has already raised rates three times in 2018. A fourth hike could come next month, at the committee's last meeting of the year.

Numbers by Barron's is a new daily podcast. Find out more here.

This episode was hosted by Nicholas Jasinski.

Write to Nicholas Jasinski at nicholas.jasinski@barrons.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , US Markets

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