SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Roku Inc. (ROKU) on Thursday reported a loss of $27.4 million in its first quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 19 cents.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.
The video streaming company posted revenue of $1.02 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $1 billion.
For the current quarter ending in June, Roku said it expects revenue in the range of $1.07 billion.
The company expects full-year revenue of $3.95 billion.
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