Roku Inc. ROKU, -0.36% shares climbed more than 6% in the extended session Wednesday after the company reported a profitable second quarter, above expectations, and raised guidance for the full year. The company reported second-quarter net income of $526,000, or 0 cents a share, compared with losses of $15.5 million, or $3.18 a share, in the year-ago period. Revenue rose to $156.8 million from $99.6 million in the year-ago period. Analysts surveyed by FactSet had estimated losses of 15 cents a share on revenue of $141.1 million. For the third quarter, analysts model losses of 12 cents a share on sales of $166.2 million. Roku said that it expects net losses of $13 million to $18 million on sales of $164 million to $172 million. The company also announced after the closing bell that it had launched its ad-supported free Roku channel on the web, making it available on desktops as well as mobile devices. Roku stock has fallen 9.1% this year, with the S&P 500 index SPX, -0.03% rising 6.9%.
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