Roku Inc. shares (ROKU) hit an new all-time high in intraday trading Tuesday, extending a massive year-to-date rally for the stock. Shares climbed as much as 5.9% in the session, reaching a price of $110.46 before giving back some of their gains. They were recently up 5.1%, to $109.65. The company is projected to report second-quarter results on or about Aug. 7, according to FactSet, with the streaming platform for TV expected to report a loss of 22 cents a share after a breakeven quarter a year ago, while revenue is forecast to grow 43% to $223.9 million. Roku's stock has rocketed 259% so far this year, while the S&P 500 has gained 20%.
-Emily Bary; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 16, 2019 10:37 ET (14:37 GMT)
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