While growth is expected to slow down from last year's levels, 'we expect continued significant growth in the second half of the year,” Roku says.
Roku Inc. delivered better-than-expected earnings and revenue Wednesday, but its shares slipped in the extended session after active-account growth came up lighter than anticipated.
The company generated net income of $73.5 million, or 52 cents a share, versus a loss of $43.1 million, or 35 cents a share, a year prior. Analysts surveyed by FactSet were expecting 13 cents a share in GAAP earnings. Roku sees an “uncertain operating environment” due to the pandemic and warned in its shareholder letter that supply constraints and elevated component costs will “worsen” in the second half of the year, “leading to increasing negative player gross margin.” The company expects the challenges to continue into 2022.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Stocks making biggest moves after hours: Etsy, Electronic Arts, Roku & moreSee which stocks are posting big moves after the bell.
Leer más »
Roku Tops Q2 Earnings Expectations, but Total Streaming Hours Decline by 1 Billion from Prior QuarterRoku easily beat Wall Street forecasts for second-quarter 2021 earnings — posting 81% revenue growth — but the net number of new active user accounts fell shy of analyst expectations, w…
Leer más »
Inside Martha Stewart Inc. And Its Quest To Build A Lasting Food BrandInvestors are cashing in on Martha Stewart and her iconic cooking: Martha Stewart Kitchen is now a grocery store brand, coming soon to an aisle near you.
Leer más »
Roku Tops Q2 Earnings Expectations, but Total Streaming Hours Decline by 1 Billion from Prior QuarterRoku easily beat Wall Street forecasts for second-quarter 2021 earnings — posting 81% revenue growth — but the net number of new active user accounts fell shy of analyst expectations, w…
Leer más »
Oil giant BP ups dividend and confirms share buybacks as it posts better-than-expected quarterly profitOil and gas giant BP beat second-quarter earnings expectations on Tuesday, while expanding its dividend and share buyback program.
Leer más »
Sony Group Delivers Profit Growth as SPE and Games Earnings RetreatProfit increases from music failed to outweigh declines from film and TV and from games at Japanese electronics and entertainment giant Sony Group. But, overall, the group was able to report a 9% i…
Leer más »