Netflix Earns $0.11 Per Share, Beats Estimates

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HFA Staff
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  Netflix, Inc. (NASDAQ:NFLX) reported its earnings today for the quarter ending in June. In the three months the company earned $0.11 per share on revenues of $899 million. The company has faced challenges in the last year reflected in these numbers. In the same period last year Netflix, Inc. (NASDAQ:NFLX) posted earnings of $1.26 per share. The substantial drop in profitability is a worry for investors going forward. Last June the company announced revenue of $788.6 million. In the lead up to the announcement consensus estimates put the company’s earnings at 4 cents per share on sales of $889.5 million. The…

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