Roku Soars 10% on Accelerating Revenue Growth and Shrinking Losses

Expectations were high going into Roku's (NASDAQ: ROKU) second-quarter financial report. To understand just how much the company had riding on its earnings, consider this: The stock has gained more than 234% in 2019, making it one of the biggest winners of the year. In recent weeks it also hit a new all-time high as investor enthusiasm has grown.

With that type of run-up in the rearview mirror, Roku would need to deliver strong results in order to maintain its forward momentum -- and the company delivered all that investors were hoping for and more, sending shares up more than 10% in after-hours trading Wednesday.

Image source: Roku.

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