Netflix’s crashes 13% after it misses expectations on revenue and subscriber additions (NFLX)
|07/16/2018||Posted by BusinessMediaguide.Com under General World News||
Netflix’s stock got hammered in afterhours trading ater reporting that it added far fewer subcribers in the second quarter than Wall Street was expecting.
Here’s what the company reported and how its results compared with Wall Street’s average expecations and its year-ago results:
- Revenue: $3.91 billion. Analysts were expecting $3.94 billion. In second quarter last year, Netflix posted $2.79 billion in sales.
- Earnings per share: 85 cents. Analysts were looking for 79.4 cents a share. In the second quarter of 2017, it earned 15 cents a share.
- Subscriber additions: 5.2 million total — 1.1 million in the US and 4.1 million internationally. Analysts were read more >>>