Earnings Results: Roku’s stock races higher after earnings as revenue blows past estimates

United States

Roku Inc. shares surged 8.6% in Thursday’s aftermarket action after the streaming-media company easily topped expectations with its latest results while offering upside with its forecast.

The company logged a net loss of $ 108 million, or 76 cents a share, compared with a loss of $ 112 million, or 82 cents a share, in the year-earlier period. Analysts tracked by FactSet were expecting a loss of $ 1.26 a share.

Roku…