3 Important Takeaways From Roku's Blowout Quarter
Roku (NASDAQ: ROKU) has been a standout performer in 2019, as the stock had already soared more than 234% going into its second-quarter earnings report. The company's better-than expected results sent shares even higher, up more than 20% on the day following Roku's financial release.
Revenue grew to $250 million, up 59% year over year, easily topping the high end of managements guidance and analysts' consensus estimates, as both peaked at about $225 million. Even more unexpected was the acceleration from the 57% growth in the prior-year quarter. The bottom-line results were also surprising, with a loss per share of $0.08, far better than expectations for a loss of $0.22.
Management provided a wealth of valuable information to shareholders on the conference call to discuss the results. Here are a few of the most important takeaways.
Source Fool.com
