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Netflix Inc. (NFLX) Is Sinking After Q1 Report

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4/23/2012 4:30 PM ET

Netflix Inc. (NFLX: Quote) reported a first quarter net loss of $0.08 per share after the bell Monday, compared to the profit of $1.11 per share in the previous year. The consensus estimate was for a loss of $0.27. The company expects to report second quarter earnings between a loss of $0.10 and a profit of $0.14. The consensus estimate is for a loss of $0.17. The stock is now down 14.49 on 2.2 million shares.

Netflix declined during the first half of the morning Monday and finished down by 4.27 at $101.84 on above average volume. The stock closed near the lower end of a 2-week range.

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by RTT Staff Writer

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