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Netflix Craters On Big Subscriber Miss

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Netflix Craters On Big Subscriber Miss

Shares of Netflix, Inc. (NASDAQ: NFLX) cratered in Monday's after-hours session. The streaming service posted a big EPS beat, but came up well short where it counts.

Here are the numbers, as reported on Benzinga Pro:

  • Netflix Reports Q2 EPS $0.09 vs. Est. $0.02, Rev. $2.11B vs. Est. $2.11B
  • Netflix Sees Q3 Int'l Streaming Sales $846M, Int'l Streaming Net Adds 2M
  • Netflix Sees Q3 Total Streaming Sales $2.16B
  • Netflix Subscribers Grew By 1.7M Members Q2, Below Forecast Of 2.5M Net New Members
  • Netflix Says 'We are growing, but not as fast as we would like or have been'

Related Link: 8 Netflix Investor Concerns Heading Into Q2 Earnings Report

The stock traded recently at $84.50, down more than 14 percent in the after-hours session. Shares closed at $98.81.

 

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