AP NEWS
Click to copy
Click to copy

Roku: 2Q Earnings Snapshot

August 7, 2019

LOS GATOS, Calif. (AP) _ Roku Inc. (ROKU) on Wednesday reported a second-quarter loss of $9.3 million, after reporting a profit in the same period a year earlier.

The Los Gatos, California-based company said it had a loss of 8 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.

The video streaming company posted revenue of $250.1 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $224.8 million.

Roku shares have more than tripled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $100.70, more than doubling in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROKU at https://www.zacks.com/ap/ROKU

All contents © copyright 2019 The Associated Press. All rights reserved.