After a lower close in New York, streaming group Roku Inc (NASDAQ:ROKU) carried on the theme, with shares plunging over 17% to US$42.10 after the bell.
The firm, whose shares surged last time it posted earnings, beat Wall Street expectations in terms of fourth quarter revenue, but issued weak revenue guidance for the coming quarter.
It is guiding for sales this quarter of between US$120mln and US$130mln, which fell short of the US$131.7mln average estimate of analysts.
Roku stock tanks 18% after sharing financials, outlook https://t.co/Qs9HDNla4r by @Katie_Roof
— TechCrunch (@TechCrunch) February 21, 2018
Elsewhere, and talking of streaming firms, Pandora Media Inc (NYSE:P) saw shares add 5.75% in extended deals, as it unveiled mixed fourth quarter results.
Pandora reported US$97.7mln in subscription revenue, up 63% year-on-year, and it had 5.48mln subscribers, up 25% since the year-ago quarter.
Elsewhere, Cheesecake Factory Inc (NASDAQ:CAKE) was up 0.93% to US$46.65 in extended deals after the dessert distributor reported fourth quarter earnings and revenue, which were in line with analysts' expectations but missed on other important metrics.
Last but not least, Jack in the Box Inc (NASDAQ:JACK) shares popped up over 2% to US$88.98 as the fast food company reported first quarter financial results that beat analysts' expectations for both profit and revenue.
The firm reported earnings per share (EPS) of US$1.23 on revenues of US$294.4mln, versus the US$1.06 EPS on US$283.3mln expected.