Netflix NFLX reported first-quarter earnings of $1.57 per share, which missed the analyst consensus estimate of $1.65 by 4.85%. This is a 106.58% increase over earnings of 76 cents per share from the same period last year.
The company reported quarterly sales of $5.770 billion, which beat the analyst consensus estimate of $5.760 billion. This is a 27.63% increase over sales of $4.521 billion the same period last year.
Netflix reported first-quarter global streaming subs at 182.86 million, up 22.8% year-over-year and global streaming paid net additions were at 15.77 million users.
The company sees second-quarter EPS at $1.81, well ahead of the $1.54 estimate.
Netflix shares were trading up 4% at $451.51 in Tuesday’s after-hours session. The stock has a 52-week high of $449.52 and a 52-week low of $252.28.
Related Links:
How The COVID-19 Pandemic Will Affect Netflix And Roku Going Forward
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.