Netflix Falls 6.50% On Weak Earnings Guidance (NFLX)

Shares of Netflix NFLX have lost 6.53% on Tuesday after the company issued weaker than expected forward looking guidance yesterday after the closing bell. For the most recent quarter, NFLX exceeded Wall Street expectations. The company reported Q1 earnings per share of $1.11 on revenue of $718.55 million. This compared to analysts' consensus EPS estimates of $1.08 on revenues of $703.60 million. Looking ahead, NFLX sees Q2 EPS in a range between $0.93 to $1.15, which compares to current consensus of $1.19. Revenues are anticipated to be between $762 million to $778 million. Wall Street analysts currently have Q2 consensus revenue estimates of $763.01 million.