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Roku Crushes Estimates for First Earnings Report

11 months ago7 views

wochit

Wochit

According to reports, video streaming platform and hardware company Roku crushed Wall Street estimates for its first earnings report as a public company last week. Since Thursday, shares of Roku have skyrocketed 125% in the past three days. Wall Street was originally expecting a loss of $0.40 per share on revenue of $118.75 million for Roku, which ended up with an adjusted loss of $0.10 and $124.78 million.

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