Netflix: Earnings: Analysts surveyed by FactSet estimate Netflix /quotes/zigman/87598/delayed /quotes/nls/nflx .09% will earn $1.14 a share compared with 49 cents a share during the same period a year ago. Netflix itself had forecast a profit of $1.12 a share for the quarter. , according to Market Watch. Stock performance: For the year, Netflix shares have risen almost 20%, to trade recently at around $440. However, the stock is down 7.5% since reaching a 52-week-high of $475.87 on July 2. SAN MarketWatch Netflix Inc. will report its second-quarter results on Monday. Analysts expect the online video-streaming company to show strong growth in new subscribers, driven by its offering of popular original programs like House of Cards. Revenue: Analysts expect Netflix to report second-quarter sales of $1.34 billion, with $1.14 billion coming from video-streaming sales and the remainder from DVD rentals. Netflix has forecast streaming revenue of $1.14 billion for the quarter.
(news.financializer.com). As
reported in the news.
Tagged under , topics.