Roku Q4 2023 GAAP EPS $(0.55) Beats $(0.57) Estimate, Sales $984.42M Beat $966.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Roku reported Q4 2023 earnings with a GAAP EPS of $(0.55), surpassing the $(0.57) estimate. Sales reached $984.42M, exceeding the $966.30M forecast, marking a 13.54% increase from the previous year.
February 15, 2024 | 9:05 pm
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Roku's Q4 2023 earnings outperformed expectations with a smaller loss per share and higher sales than forecasted, indicating strong performance.
Roku's better-than-expected Q4 earnings, with both EPS and sales surpassing analyst estimates, suggest operational efficiency and strong demand for its offerings. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in ROKU's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100