Roku also lifted its third-quarter revenue guidance, saying it now expects revenue to range between $835 million and $875 million, versus prior guidance of $815 million.
Along with the workforce reductions, Roku said it plans to consolidate office space and review its content slate to trim expenses.
Zscaler posted adjusted earnings of 64 cents per share while analysts polled by LSEG, formerly known as Refinitiv, expected 49 cents.
Additionally, the cybersecurity company said earnings and revenue should come in ahead of what analysts anticipate in the current quarter.
GitLab — Shares of the technology platform jumped 6.5% in premarket trading following a strong second-quarter report postmarket Tuesday.
Persons:
Roku, Zscaler, Needham, GitLab, LSEG, Asana, AeroVironment, Sam Subin, Michelle Fox Theobald, Jesse Pound
Organizations:
LSEG, Revenue, Dominion Energy, Dominion, UBS, Southwest Airlines —, Southwest, Novo Nordisk —
Locations:
Hastings, Hudson , New York, Enbridge, Dallas, Danish, Europe