Roku Shoots Up 50% After Q3 Beat And Raise

Roku Inc ROKU shares are trading higher by $9.20 (52 percent) at $28.04 in Thursday's session.

The catalyst for the rally is a Q3 EPS beat of $1.30 along with a sales beat of $14.31 million. The company raised Q4 sales guidance.

Related: Analyst Says Roku's Post-Earnings Bump Won't Last

After a higher open, Roku had nearly a $1.00 retreat to $23.86 and continued its move higher. $29.44 stands as the high for the session just before the close.