Roku Tops Quarterly Sales Estimates But Warns of Uncertainty

Roku Inc. shares were little changed postmarket Wednesday after the video-streaming platform company reported second-quarter revenue that topped the highest analyst estimate but warned that its short-term outlook remains murky.

The company had revenue of $356.1 million, which beat the highest analyst estimate at $349.0 million, according to Bloomberg data. However, Roku declined to give a formal forecast. In a letter to shareholders, it wrote that “the short-term outlook is both variable and uncertain.”