The Top Stock Gainers for Thursday, May 9, 2019

07:29 05/09/2019

Some of the best performing stocks of the day included:

Roku Inc. ROKU 

Shares of Roku Inc. (ROKU) rocketed 28%, or $18.25 on the day after crushing earnings.

The company posted first quarter 2019 revenue of $207 million, which was far better than estimates of $190 million.   Better, it saw losses of $0.09, which far exceeded expectations for a loss of 26 cents a share. Active user accounts were up 40% year over year, as total streaming hours exploded 74% to 8.9 million hours in the quarter.

According to the company’s earnings release:

  • Total net revenue grew 51% YoY to $206.7 million;

  • Platform revenue increased 79% YoY to $134.2 million;

  • Gross profit rose 60% YoY to $100.9 million;

  • Active accounts were up 2.0 million incrementally vs. Q4 2018 to 29.1 million;

  • Roku monetized video ad impressions again more than doubled YoY in the quarter

“As leading content companies continue to shift their focus to streaming, Roku’s purpose-built TV streaming OS is uniquely positioned to help them build, engage, retain and monetize OTT audiences. Our large and rapidly growing audience, rich proprietary data and powerful OS allow us to deliver more effective, targeted and measurable viewing and advertising along with unduplicated incremental reach.”

Harsco Corporation HSC 

Shares of HSC were up nearly 20%, or $4.38 on the day on volume of 2.25 million shares, as compared to daily average volume of 554,532.  All after the company posted Q1 results that included a nearly 10% jump in revenue.  It also raised guidance for 2019 thanks to stronger demand in its rail and industrial businesses. 

Copa Holdings CPA 

Shares of CPA were up 19.6%, or $15.98 on the day on nearly two million shares.  The company posted Q1 EPS of $2.11 on revenue of $672 million, easily beating analyst expectations for $1.54 per share on sales of $660 million.

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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