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...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
