Courtesy of Benzinga
Shares of Netflix (NASDAQ: NFLX) are trading lower in the after-hours following the release of the company’s Q2 earnings results. Currently, shares are lower by 7.64%, trading at $260.02; they ended they regular session higher by 1.79%, at $281.53.
Netflix reported Q2 EPS of $1.26 on revenues of $788.6 million; the Street was looking for $1.12 per share on revenues of $791.2 million. Revenues increased 51.7% year over year.
The company sees Q3 EPS in the range of $0.72-1.07 on revenues of $799.5-$828.5 million; the Street was looking for $1.08 per share on revenues of $845.58 million.
Netflix, Inc. is an Internet subscription service streaming television shows and movies. The company’s subscribers can watch unlimited television shows and movies streamed over the Internet to their televisions, computers and mobile devices and in the United States, subscribers can also receive digital versatile discs delivered to their homes.
