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Roku: 4Q Earnings Snapshot

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SAN JOSE, Calif. (AP) _ Roku Inc. (ROKU) on Thursday reported fourth-quarter net income of $67.3 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Jose, California-based company said it had net income of 49 cents.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The video streaming company posted revenue of $649.9 million in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $625.9 million.

For the year, the company reported that its loss narrowed to $17.5 million, or 14 cents per share. Revenue was reported as $1.78 billion.

For the current quarter ending in April, Roku said it expects revenue in the range of $485 million.

Roku shares have increased 36% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $452.99, more than tripling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROKU at https://www.zacks.com/ap/ROKU