Company News: Netflix (NFLX) quarterly earnings beat analysts’ forecast

Market news

18 July 2019

Company News: Netflix (NFLX) quarterly earnings beat analysts’ forecast

Netflix (NFLX) reported Q2 FY 2019 earnings of $0.60 per share (versus $0.85 in Q2 FY 2018), beating analysts’ consensus of $0.55.

The company’s quarterly revenues amounted to $4.923 bln (+26.0% y/y), generally in line with analysts’ consensus estimate of $4.935 bln.

The company also issued in-line guidance for Q3 FY 2019, projecting EPS of $1.04 versus analysts’ consensus estimate of $1.04 and revenues of $5.25 bln versus analysts’ consensus estimate of $5.24 bln.

NFLX fell to $323.16 (-10.84%) in pre-market trading.

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