Roku Rises 3% After Hours on Stunning Q3 Net Profit
Like a movie with a twist ending, Roku (NASDAQ: ROKU) surprised its audience by posting a net profit in its latest quarter.
On Thursday, the company released its results for the third quarter of fiscal 2020, showing that its revenue rose by 73% on a year-over-year basis to $451.7 million. On the bottom line, Roku flipped dramatically to a $12.9 million profit, or $0.09 per share, from the Q3 2019 deficit of almost $25.2 million.
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Source Fool.com