SAN JOS, Calif. (AP) _ Roku Inc. (ROKU) on Wednesday reported a loss of $43.1 million in its second quarter.
On a per-share basis, the San Jos, California-based company said it had a loss of 35 cents.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 55 cents per share.
The video streaming company posted revenue of $356.1 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $302.2 million.
Roku shares have risen 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $165.42, an increase of 61% in the last 12 months.
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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
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