Roku, Inc. ROKU shares are trading lower on Friday, reversing after gaining late Thursday on first-quarter earnings. The first quarter’s gross profit was $388 million, which is up 15% year over year. Gross margin, however, contracted to 44.1% from 45.6% a year ago. “Looking into the second half of the year, we anticipate normal seasonal spend in Sales & Marketing for Devices."
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The shift to electric delivery vehicles by United Parcel Service Inc UPS and FedEx Corp FDX reportedly faces challenges amid U.S. supply uncertainties. These companies are striving to replace their gas-powered vans to align with environmental goals. The transition to electric vehicles (EVs) is crucial for U.S. President Joe Biden’s climate objectives in transportation.
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The Dow Jones index closed lower by around 375 points on Thu. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, c...
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