Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Netflix Slips To Loss In Q1 - Quick Facts

RELATED NEWS
Trade NFLX now with 

Netflix Inc. (NFLX: Quote) reported that its first-quarter net loss was $4.58 million or $0.08 per share, compared to profit of $60.23 million or $1.11 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report a loss of $0.27 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $869.79 million from $718.55 million in the prior year quarter. Thirty one analysts had consensus revenue estimate of $868.57 million for the quarter.

For the second-quarter, the company expects net results to be loss $6 million - profit $8 million or loss $0.10 per share - profit $0.14 per share. Analysts expect the company to report a loss of $0.17 per share for the second-quarter. The company said that the improvement in the outlook is a result of continued member growth (both domestically and internationally), as well as increased efficiency of its content and marketing spending.

Click here to receive FREE breaking news email alerts for Netflix Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks moved notably higher over the course of the trading day on Monday, extending the strong upward move seen last Friday. The gains on the day continued the recent recovery by the markets, with the Nasdaq and the S&P 500 closing higher for the third consecutive session. While Republicans have largely tried to frame the upcoming midterm elections as a referendum on President Barack Obama, Sen. Ted Cruz, R-Tex., has joined the few offering guidance on what the GOP will do if it manages to retake control of the Senate. The World Health Organization (WHO) Monday declared that Nigeria is officially free of Ebola virus transmission. For the last six weeks, no new cases of the deadly virus infection has been reported in the country. The lines on the tabular situation reports, sent to WHO each day by its country office in Nigeria, have now been full of zeros for 42 days. If two incubation periods of 21 days pass
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.