Roku (NASDAQ:ROKU) Issues Quarterly Earnings Results
Roku (NASDAQ:ROKU) issued its quarterly earnings results on Wednesday. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.06, Briefing.com reports. Roku had a negative net margin of 2.41% and a negative return on equity of 6.77%. The firm had revenue of $260.90 million for the quarter, compared to analyst estimates of $257.64 million. During the same period in the previous year, the business earned ($0.09) EPS. The company’s revenue was up 50.5% compared to the same quarter last year.
Shares of ROKU stock traded up $3.48 during midday trading on Friday, hitting $121.94. 19,209,400 shares of the company were exchanged, compared to its average volume of 14,366,427. The firm’s 50 day moving average price is $122.41 and its two-hundred day moving average price is $110.52. The firm has a market capitalization of $16.22 billion, a P/E ratio of -1,524.25 and a beta of 1.77. Roku has a 52 week low of $26.30 and a 52 week high of $176.55.
In other news, SVP Stephen H. Kay sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $137.75, for a total value of $1,653,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Anthony J. Wood sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $102.94, for a total transaction of $3,602,900.00. Insiders sold a total of 180,419 shares of company stock valued at $24,801,276 over the last 90 days. Corporate insiders own 22.70% of the company’s stock.
Roku Company Profile
Roku, Inc operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others. As of December 31, 2018, the company had 27.1 million active accounts.
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