Roku shares tank despite revenue beat for the third quarter

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Roku shares tank despite revenue beat for the third quarter
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The company reported 32.3 million active accounts, up from 30.5 million during the previous quarter.

Analyst surveyed by Refinitiv had expected an adjusted loss per share of 28 cents. It was not immediately clear whether the reported loss and expected loss were comparable.

Roku is targeting international expansion throughout the North and South American markets and expects to launch its first T.V. models in the UK by the end of 2020, the company said in its earnings conference call Wednesday.

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