Netflix NFLX released its fiscal first quarter earnings results after the closing bell on Monday. The company reported net income of $60.23 million or $1.11 per share, compared to $32.27 million or $0.59 per share, in last year's corresponding quarter. Wall Street analysts had consensus EPS estimates of $1.08 going into the report.
Revenues came in at $718.55 million versus $493.67 million in the year ago period. This came in ahead of Wall Street consensus revenue estimates of $703.60 million.
Looking ahead to the second quarter, NFLX sees net income in a range between $50 and $62 million or $0.93 and $1.15 per share. This compares to analysts' current consensus EPS estimates of $1.19.
In the after hours trading session, NFLX shares have lost 4.44% to $240.50.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in