SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Roku $ROKU Inc. (ROKU) on Thursday reported a loss of $50.9 million in its first quarter.
The San Jose, California-based company said it had a loss of 35 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 64 cents per share.
The video streaming company posted revenue of $881.5 million in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $851 million.
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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