Netflix, Inc. (NFLX) Plunges As Subscription Estimates Miss

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HFA Staff
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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…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.