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.
_____
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
Andrew Rush, CEO of Star Catcher Industries, joins us to discuss how wireless power transmission could reshape satellite technology and space communications.
A historic wave of IPOs is about to hit Wall Street. For the average investor watching from the sidelines, the frenzy can engender fears of missing out.
Applied Aerospace & Defense CEO Trip Ferguson discusses the company's IPO, defense spending, space innovation, and the future of U.S. aerospace manufacturing.
David Fahrenthold, investigative reporter for The New York Times, examines rising costs, contracts, and transparency concerns in Trump's D.C. projects.
