Netflix Crushes Its Earnings But Issues a Warning

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The good times keep on rolling for Netflix, but the company sees storm clouds ahead.

Netflix announced earnings on Wednesday that beat expectations for both subscriber additions and earnings per share. Investors were cheered by the results, with Netflix shares rising more than 17% in after-hours trading.

Revenue was reported at $ 1.18 billion, just above estimates, while profit for the company easily beat estimates. Earnings per share of $ 0.79 topped analyst expectations of $ 0.66. The company attributed the profit growth to the ability to grow revenue without incurring additional content costs Read more…

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