Roku’s surging sales lead to big Wall Street wins

Roku’s surging sales lead to big Wall Street wins

5 years ago
Anonymous $9jpehmcKty

https://www.siliconvalley.com/2019/05/09/rokus-surging-sales-lead-to-big-wall-street-wins/

Los Gatos-based Roku stormed Wall Street on Thursday as its shares soared to an all-time high after a first-quarter report that surpassed analysts’ expectations and suggested broad growth will continue for the streaming TV technology company.

Roku climbed by more than 28 percent, to $83.35 before closing at $83.17, as investors got behind the company after it reported a loss of 9 cents a share, on $207 million in revenue, for the quarter that ended March 31. During the same period a year ago, Roku lost 7 cents a share, on $136.6 million in sales. Wall Street analyst had forecast Roku to lose 26 cents a share, on revenue of $190 million.