[ad_1]
Roku Inc.
ROKU, + 5.83%
Shares fell more than 10% Wednesday after normal trading hours, despite a report on quarterly earnings exceeding expectations, as the company's earnings guidance for the holiday quarter became clear. Roku recorded a loss of $ 9.5 million, or 9 cents per share, on sales of $ 173.4 million, up from a loss of $ 8.79 per share a year ago on revenues of $ 124.8 million. Analysts expect on average a loss of 12 cents a share on a turnover of 170.4 million, according to FactSet. For the holiday season, Roku has projected sales in line with expectations, but has forecast a loss ranging from $ 4 million to a profit of $ 3 million. Analysts expected an average profit of $ 7 million in the fourth quarter, according to FactSet; Roku reported net income of $ 6.9 million in the fourth quarter of 2017. Roku's shares fell after the report was released on Wednesday. They closed with a gain of 5.8%. They received a boost at the end of the session after a CNBC report said that Roku was discussing with media companies the possibility of integrating their offerings into Roku's streaming media channel, which that Wednesday's letter to shareholders has not explicitly confirmed. The stock is up 13.7% since the beginning of the year, the S & P 500 index
SPX, + 2.12%
gained 3.1%.
Have the latest news sent to your inbox. Subscribe to free e-mails from the MarketWatch newsletter. Register here.
Source link
