Although most indices are in the green for Friday’s session, there are a few individual stocks that are having a really bad day. One of those problems is Roku Inc ROKU, which will be destroyed after a loss of earnings in the second quarter.

The volatile price action in the issue makes it the PreMarket Prep Stock of the Day.

Roku hovering near lows for move: While indices have strayed far from recent lows, Roku has not. Leading into Friday’s price action, the low of the recent slide was reached on June 14 at $72.63.

The rebound from this low occurred on June 27th at $101.42 and was prompted by false rumors of a takeover by Netflix Inc (NASDAQ; NFLX).

At the start of the second quarterly report, Roku was slightly higher for the month ($85.17 vs. $82.14).

Roku has been in the red for the week as it ended last Friday’s session at $88.84.

Roku’s Q2 Miss, Lower Q3 Revenue Guidance: After Thursday’s close, the company reported a quarterly loss of 82 cents a share, falling 20.59% short of analysts’ consensus estimate of a loss of 68 cents.

That’s down 257.69% from earnings of 52 cents a share in the same period last year. The company reported quarterly revenue of $764.41 million, which missed analysts’ consensus estimate of $805.64 million by 5.12%.

This is an 18.49% increase over revenue of $645.12 million for the same period last year.

To make matters worse, the company is forecasting net sales of $700 million for the third quarter of 2022, versus an estimate of $901.73 million. Finally, Roku announced that it is withdrawing its guidance for full-year revenue growth, citing uncertainty and volatility in the macroeconomic environment.

PreMarket Preps Take On Roku: Co-Host Dennis Dick went for the jugular friday.

“This company feels like a TiVo to me,” he said.

“Most smart TVs already have streaming built in, so [there’s] not that much need for the Roku device.”

When the topic was discussed on the show, it had sharp…