LOS GATOS, Calif. (AP) _ Roku Inc. (ROKU) on Thursday reported a loss of $54.6 million in its first quarter.

On a per-share basis, the Los Gatos, California-based company said it had a loss of 45 cents.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.

The video streaming company posted revenue of $320.8 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $296.6 million.

Roku shares have climbed almost 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $137.50, more than doubling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROKU at https://www.zacks.com/ap/ROKU

Automated Insights, source Associated Press News