Happy Friday! And happy Valentine's Day!
Jim Cramer is weighing in on Roku ROKU, Real Money Stock of the Day Nvidia NVDA and the markets.
Let's Review Roku's Earnings
Roku posted a loss of 13 cents per share, coming in just above the loss of 14 cents a share that was expected by Wall Street.
Subscribers also came in stronger than expected at $36.9 million. Analysts were looking for $36 million.
“In addition to increasing our scale, we continue to see growing engagement on our platform, with 2019 streaming hours up 16.3 billion year-over-year to a record 40 billion hours,” Steve Louden, CFO, said on Roku’s earnings call.
The stock is up over 172% in the past year.
Earnings came in at $1.89 a share, beating expectations for $1.67 a share.
Revenue came in at $3.11 billion. The beat was led largely by the data center.
In its earnings call, Nvidia CFO Collette Kress talked about the impact the coronavirus could have on the company.
“While it is still early and the ultimate effect is difficult to estimate, we have reduced our Q1 revenue outlook by $100 million to account for the potential impact,” Kress said.