Netflix EPS of $3.29 on revenues of $8.19 billion

Netflix earnings for 2Q show:

• earnings-per-share $3.29 versus expected $2.86
• revenues $8.19 billion versus expected $8.29 billion
• Streaming and paid net additions 5.89 million versus expected 2.07 million

Netflix's guidance for Q3 includes the following:

• It projects revenue of $8.5 billion, which is slightly below the expected $8.67 billion.
• The company anticipates an earnings per share (EPS) of $3.52, surpassing the expected $3.23.
• Netflix expects the number of paid net additions to its streaming service in Q3 to be similar to this quarter.

Netflix shares are trading lower at $457.76 that's down 4.16% from the closing level of $477.59.

This article was written by Greg Michalowski at www.forexlive.com.

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