Roku Inc ROKU reported better-than-expected second-quarter EPS and sales results.
Roku reported quarterly losses of 35 cents per share, which beat the analyst consensus estimate by 16 cents. This is a 337.5% decrease over losses of 8 cents per share from the same period last year.
The company reported quarterly sales of $356.07 million, which beat the analyst consensus estimate of $312.46 million by 13.96%. This is a 42.37% increase over sales of $250.10 million in the same period last year.
The company added 3.2 million incremental active accounts in the second quarter, bringing the total to 43 million; Roku reports streaming hours 14.6 billion, ARPU $24.92, up 18% year-over-year.
Roku's stock traded around $165.85 per share in Wednesday's after-hours session. The stock has a 52-week high of $176.55 and a 52-week low of $58.22.
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