Netflix Beats Estimates, Guides Below Consensus; Shares Down After Hours (NFLX)

Netflix

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.