Monday, April 25, 2011

Netflix Inc. (NASDAQ: NFLX): Q1 2011 Earnings Roundup

Netflix Inc. (NASDAQ: NFLX) reported late Monday that its firsy-quarter profit jumped 88% to $60 million, or $1.11 a share, from a profit of $32 million, or 59 cents a share, in the same quarter a year ago. Revenue surged 46% to $719 million. Analysts on average, had expected a profit of $1.07 a share on revenue of $705.7 million. 

Looking ahead to the second-quarter, the company said that it anticipates net income to be in the range of $50 million to $62 million or $0.93 to $1.15 per share. Analysts currently expect the company to report earnings of $1.19 per share for the quarter. 

Netflix shares slumped more than 5% in Monday's after-hours trading.

Full Disclosure: None.
Related Posts with Thumbnails

Wikinvest Wire