Jim Cramer says Roku getting serious about turning a profit is good news for the stock
Publishing timestamp: 2023-09-06 11:15:13
Summary
Roku's cost-cutting measures, including layoffs and consolidation of office space, are expected to attract more investors to the company's stock. The stock surged over 7% following the announcement. CNBC's Jim Cramer suggests that Roku's pivot towards profitability could lead to positive adjusted earnings per share as early as 2024.
Sentiment: POSITIVE
Tickers: AMZN, ROKU, GOOGL, AAPL,
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