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Netflix Inc. (NFLX) Is Sinking After Q2 Report

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7/24/2012 4:35 PM ET

Netflix Inc. (NFLX: Quote) reported second quarter EPS of $0.11 after the bell Tuesday, which topped the consensus estimate of $0.05. The company expects to report third quarter EPS between a loss of $0.10 and a profit of $0.14. The consensus estimate is for EPS of $0.11. The stock is now down 11.59 on 2 million shares.

Netflix traded in a range for the bulk of Tuesday's session and closed up by 0.45 at $80.39 on above average volume. The stock finished near the lower end of a 3-week range.

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by RTT Staff Writer

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