UBS ETRACS Alerian MLP Infrastructure Index ETN
Change company Symbol lookup
Select an option...
MLPI UBS ETRACS Alerian MLP Infrastructure Index ETN
RUN Sunrun Inc
BAC Bank of America Corp
HLT Hilton Worldwide Holdings Inc
MNMT Motivating Masses Inc
FTA.IV First Trust Large Cap Value Oppts Alpha
MSFT Microsoft Corp
MPLX MPLX LP
KOPN Kopin Corp
TERRF Terna Rete Elettrica Nazionale SpA
Go


Based in JerseyCompany profile

There is no company profile for MLPI.

Closing Price
$18.57
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
0

10-day average volume:
1,691,161
0

UPDATE: Roku stock jumps 8% after earnings, outlook beat

4:52 pm ET August 7, 2019 (MarketWatch)
Print

By Emily Bary

Company increases full-year forecast

Roku shares were up 8% in after-hours trading Wednesday after the company topped expectations with its second-quarter results and issued and encouraging outlook.

The company said it continues to benefit from the accelerating tide toward streaming video and the growth in video content.

"Certainly having big names in the TV ecosystem coming into the space is a positive for Roku," Chief Financial Officer Steve Louden said. "Historically, as more and more content has come onto the platform, that presents additional opportunities for engagement and monetization."

See also: Lyft stock spikes after earnings report, but then calms down (http://www.marketwatch.com/story/lyft-stock-spikes-after-earnings-report-but-then-calms-down-2019-08-07)

The company had 30.5 million active accounts as of the second quarter, up 1.4 million sequentially, and generated average revenue per user of $21.06, up $2 from the first quarter.

Roku's (ROKU) overall revenue climbed to $250.1 million from $156.8 million, whereas analysts tracked by FactSet were modeling $224 million. The company saw $82.4 million in revenue come from its player business and $167.7 million come from the platform business, which includes its licensed operating system for smart TVs as well as ad opportunities.

For the third quarter, Roku expects revenue of $250 million to $255 million. Analysts had been modeling $245 million. For the full year, the company models revenue of $1.075 billion to $1.095 billion. Management's earlier forecast called for $1.03 million to $1.05 million.

Read: IAC to consider spinning off stakes in Match Group, Angi Homeservices (http://www.marketwatch.com/story/iac-to-consider-spinning-off-stakes-in-match-group-angi-homeservices-2019-08-07)

Louden said the latest metrics showed that Roku's "lead is widening" relative to its rivals in streaming and that the company is able to exact benefits from its scale, allowing Roku to test new ad formats and enhance its targeting capabilities.

The company reported a net loss of $9.33 million, or 8 cents a share, after a profit of $526,000, or break-even on a per-share basis, in the year-prior period. Analysts surveyed by FactSet expected Roku to post a GAAP loss per share of 23 cents.

Shares have rocketed 231% so far this year, compared with a 15% rise for the S&P 500 .

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 07, 2019 16:52 ET (20:52 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2019 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2019. All rights reserved.