Roku: 3Q Earnings Snapshot

November 6, 2019 GMT

LOS GATOS, Calif. (AP) _ Roku Inc. (ROKU) on Wednesday reported a loss of $25.2 million in its third quarter.

The Los Gatos, California-based company said it had a loss of 22 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.

The video streaming company posted revenue of $260.9 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $258.1 million.

For the current quarter ending in December, Roku said it expects revenue in the range of $380 million to $396 million.

The company expects full-year revenue in the range of $1.1 billion to $1.11 billion.

Roku shares have more than quadrupled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $141.05, 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