The Blockbuster Announcement Hidden Away in Roku's Earnings Release -- and Why It's a Big Deal
After a run that saw its stock gain 234% so far in 2019, investors had expectations going into Roku's (NASDAQ: ROKU) second-quarter financial report. Shareholders got all they hoped for and more when the streaming pioneer reported better-than-expected results that pushed the stock up more than 20% on the day following the earnings release.
Roku generated revenue of $250.1 million, up 59% year over year, resulting in a net loss per share of $0.08. Both numbers were far better than analysts' consensus estimates, which were calling for revenue of $224.2 million and a loss per share of $0.22.
As tantalizing as the results were, there was a short entry tucked away in Roku's shareholder letter that wasn't widely reported, and it could have big implications for the company's future success.
Source Fool.com
