Roku Q1 2024 GAAP EPS $(0.35) Beats $(0.62) Estimate, Sales $881.500M Beat $848.616M Estimate
Portfolio Pulse from Benzinga Newsdesk
Roku reported Q1 2024 earnings with a GAAP EPS of $(0.35), surpassing the $(0.62) estimate, and sales of $881.5M, exceeding the $848.616M estimate. This represents an 18.96% increase in sales compared to the same period last year.
April 25, 2024 | 8:06 pm
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Roku's Q1 2024 earnings outperformed expectations with a smaller loss per share and higher sales than anticipated, indicating strong performance and growth.
Roku's earnings beat, both in terms of EPS and sales, suggests operational efficiency and market demand strength. The significant outperformance compared to analyst estimates and the year-over-year sales growth are likely to positively influence investor sentiment and stock price in the short term.
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