Roku Stock Surges After Hours on Earnings Beat

Roku Inc. (ROKU) on Wednesday reported a loss of $237.2 million in its fourth quarter.

On a per-share basis, the San Jose, California-based company said it had a loss of $1.70.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of $1.73 per share.

The video streaming company posted revenue of $867.1 million in the period, also surpassing Street forecasts. Eleven analysts surveyed by Zacks expected $805.7 million.

For the current quarter ending in March, Roku said it expects revenue in the range of $700 million.

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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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