Roku earnings beat expectations.
Roku earnings beat expectations after hours yesterday. While the Roku stock price spiked, the streaming player company lost 7 cents per share. Wall Street pegged Roku Inc. to lose 15 cents per share. They also beat on their revenue number of $136.6 million, which was higher than analysts prediction of $127.6 million.
Roku Inc.‘s platform, which sells ads, brought in a revenue that was 55% of total sales. Their hardware revenue did not perform as well. While there was an increase in unit sales, the gadget revenue was down by 3%.
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