Roku: 3Q Earnings Snapshot

November 7, 2018

LOS GATOS, Calif. (AP) _ Roku Inc. (ROKU) on Wednesday reported a loss of $9.5 million in its third quarter.

On a per-share basis, the Los Gatos, California-based company said it had a loss of 9 cents.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The video streaming company posted revenue of $173.4 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $170.9 million.

For the current quarter ending in December, Roku said it expects revenue in the range of $255 million to $265 million.

The company expects full-year revenue in the range of $722 million to $732 million.

Roku shares have increased 14 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $58.86, more than tripling 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

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