Netflix, Inc. (NASDAQ:NFLX) released its earnings report for the second fiscal quarter 2013 this afternoon after the market closed in New York. The video streaming service showed earnings of $0.49 per share for the three month period on revenues totaling $1.07 billion. On today’s market, stock in Netflix, Inc. (NASDAQ:NFLX) trended downward and finished the day at $261. 96 per share. The same quarter of 2012 saw Netflix, Inc. (NASDAQ:NFLX) earn 11 cents per share on revenue of $889 million. Analysts following Netflix, Inc. (NASDAQ:NFLX) were looking for earning per share of 40 cents form today’s earnings report by consensus on revenue…
Netflix, Inc. (NFLX) Plunges As Subscription Estimates Miss
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.