SAN JOSE, Calif. (AP) 鈥� SAN JOSE, Calif. (AP) 鈥� Roku Inc. (ROKU) on Thursday reported second-quarter net income of $164.2 million.
The San Jose, California-based company said it had profit of $1.08 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $1.18 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The video streaming company posted revenue of $1.35 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $1.3 billion.
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