SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Roku Inc. (ROKU) on Thursday reported second-quarter profit of $10.5 million.
The San Jose, California-based company said it had profit of 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The video streaming company posted revenue of $1.11 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $1.07 billion.
For the current quarter ending in September, Roku said it expects revenue in the range of $1.2 billion.
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