Netflix Inc. (Nasdaq: NFLX) stock plummeted more than 25% in afterhours trading today (Wednesday) after the company’s Q3 earnings report showed lackluster subscriber growth.
NFLX added just 980,000 U.S. subscribers during the quarter, well below analysts’ prediction of 1.37 million. Globally, the company added 3.02 million subscribers. Netflix had previously predicted 3.69 million new global subscribers.
Netflix Inc. (Nasdaq: NFLX) stock plummeted more than 25% in afterhours trading today (Wednesday) after the company’s Q3 earnings report showed lackluster subscriber growth.
NFLX added just 980,000 U.S. subscribers during the quarter, well below analysts’ prediction of 1.37 million. Globally, the company added 3.02 million subscribers. Netflix had previously predicted 3.69 million new global subscribers.
Start the conversation
Leave a Reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Netflix Inc. (Nasdaq: NFLX) stock has been hit hard by this month's sell-off, down 8.2% since Sept. 10. That's putting even more emphasis on NFLX's third-quarter earnings report today (Wednesday).
Netflix will announce earnings after the bell and analysts are predicting earnings per share (EPS) of $0.93 on revenue of $1.41 billion.
Start the conversation
Leave a Reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Netflix Inc. (Nasdaq: NFLX) stock is up 6.45% in after-hours trading today (Monday) after the company beat Wall Street estimates for Q1 2014 earnings as the closing bell chimed.
Start the conversation
Leave a Reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Netflix was the best-performing stock in the S&P 500 in 2013, gaining more than 312% for the year. The good times continued into this year, with NFLX up 25% year-to-date as of March 6. But since then the stock has plunged nearly 20%.
Here's why this high-flyer has stumbled...
Start the conversation
Leave a Reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
On Sunday, Netflix Inc. (Nasdaq: NFLX) announced a massive deal with Comcast Corp. (Nasdaq: CMCSA). The agreement would pay the country's largest cable provider a premium to ensure reliable, high-quality streaming services to Netflix subscribers.
For an undisclosed figure, Comcast will connect directly to Netflix's servers, a move expected to dramatically improve Netflix's streaming quality.
To continue reading, please click here...
Start the conversation
Leave a Reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Netflix Inc. (Nasdaq: NFLX) announced yesterday (Thursday) that it has gained exclusive streaming rights to an animated "Star Wars" series from Walt Disney Co. (NYSE: DIS).
NFLX stock climbed 1.7% yesterday and reached a record high of $439.35. DIS stock is up 1.7% today.
The sixth season of the series "Star Wars: the Clone Wars" will be available to subscribers in the United States and Canada starting March 7. The first five seasons ran on Time Warner Inc.'s (NYSE: TWX) Cartoon Network.
Netflix also announced that it will have exclusive U.S. streaming rights to Disney movies starting in 2016.
To continue reading, please click here...
Start the conversation
Leave a Reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Netflix Inc. (Nasdaq: NFLX) stock has posted tremendous gains in the last year, up nearly 227%. NFLX stock currently trades just over $338, after reaching an all-time high of more than $380 in December.
The key to its next big breakthrough was presented at the Consumer Electronics Show 2014 last week.
To continue reading, please click here...
Start the conversation
Leave a Reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
After soaring more than 180% this year, will Netflix (Nasdaq: NFLX) stock get a boost from today's earnings, or is this growth tear ending?
We'll find out Monday after the close when the video-streaming giant posts second-quarter results.
Upside numbers are expected from Netflix, which just made Emmy history with its blockbuster series "House of Cards" and "Arrested Development." Netflix garnered 14 nominations including Best Drama for Cards.
Year-to-date, shares have nearly tripled, rallying more than 180%. That puts NFLX as the top performer in the S&P 500 Index.
But as investors have experienced in the past, Netflix stock can reverse course in dramatic fashion...
Start the conversation