Roku Breezes Past Wall Street's Q4 Earnings Outlook, Signals Plan For Premium Subscription Bundles

Roku handily beat Wall Street analysts’ consensus forecast for earnings in the fourth quarter and signaled plans to roll out bundles of premium streaming subscriptions. The company posted revenue of $1.4 billion in the fourth quarter, up 16%, with adjusted earnings per share of 53 cents, a reversal of the year-ago quarter’s loss of 24 cents a share. Analysts had been calling for earnings of 28 cents a share. Roku shares rocketed 13% in after-hours trading on the financials as well as upbeat guidance. Roku ...