Roku Inc. (NASDAQ: ROKU) reported a wider loss in the second quarter of 2020, while revenue grew 42% to $356 million. Loss of $0.35 per share was bigger than the Street’s expectations. However, revenue surpassed the analysts’ views.
Roku shares were down about 1% immediately after the earnings announcement.
Because of COVID-19 pandemic impact, Roku didn’t issue any outlook this time. The company stated that ad industry outlook remains uncertain for Q3 and Q4. The company expects total TV ad spend will not recover to pre-COVID-19 levels until well into 2021. Advertisers in industries like Casual Dining, Travel and Tourism have significantly slowed their spending.
Starbucks Corporation (NASDAQ: SBUX) reported first quarter 2023 earnings results today. Consolidated net revenues increased 8% year-over-year to $8.7 billion, in line with projections. Global comparable store sales increased
Alphabet Inc. (NASDAQ: GOOGL, GOOG) on Thursday reported a 1% increase in fourth-quarter 2022 revenues, with strong contributions from the cloud business. The company, which owns the largest internet search
Harley-Davidson, Inc. (NYSE: HOG) reported fourth quarter 2022 earnings results today. Revenue increased 12% year-over-year to $1.14 billion. Net income attributable to Harley-Davidson, Inc. rose 94% YoY to $42 million,