Roku Inc. delivered better-than-expected earnings and revenue Wednesday, but its shares slipped in the extended session after active-account growth came up lighter than anticipated.
The company generated net income of $73.5 million, or 52 cents a share, versus a loss of $43.1 million, or 35 cents a share, a year prior. Analysts surveyed by FactSet were expecting 13 cents a share in GAAP earnings. Roku sees an “uncertain operating environment” due to the pandemic and warned in its shareholder letter that supply constraints and elevated component costs will “worsen” in the second half of the year, “leading to increasing negative player gross margin.” The company expects the challenges to continue into 2022.
Hilarious
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making biggest moves after hours: Etsy, Electronic Arts, Roku & moreSee which stocks are posting big moves after the bell.
Source: CNBC - 🏆 12. / 72 Read more »
Roku Tops Q2 Earnings Expectations, but Total Streaming Hours Decline by 1 Billion from Prior QuarterRoku easily beat Wall Street forecasts for second-quarter 2021 earnings — posting 81% revenue growth — but the net number of new active user accounts fell shy of analyst expectations, w…
Source: Variety - 🏆 108. / 63 Read more »
Roku Tops Q2 Earnings Expectations, but Total Streaming Hours Decline by 1 Billion from Prior QuarterRoku easily beat Wall Street forecasts for second-quarter 2021 earnings — posting 81% revenue growth — but the net number of new active user accounts fell shy of analyst expectations, w…
Source: Variety - 🏆 108. / 63 Read more »
Sony Group Delivers Profit Growth as SPE and Games Earnings RetreatProfit increases from music failed to outweigh declines from film and TV and from games at Japanese electronics and entertainment giant Sony Group. But, overall, the group was able to report a 9% i… Imagine if they still made phones. Sony Sony Pictures might not be for sale but they followed in Paramount's footsteps selling off many of their films to streamers rather than giving them theatrical release including The Mitchells vs. the Machines, Vivo and Cinderella
Source: Variety - 🏆 108. / 63 Read more »