Netflix (NFLX) earnings capability shares higher

October 22nd, 2007 | Category: Stocks

Poor Netflix (NYSE: NFLX). It’s waging a fixed and ferocious battle for customers with Blockbuster (NYSE: BBI), and its earnings report has to compete with the biggest company out there right now. But its service has always been nothing short of outstanding for me, so I thought I’d throw the online DVD-rental giant a little love.

After the shut, NFLX said its third-quarter profit jumped 23% from year-ago levels, hitting $15.7 million, or 23 cents per share. Revenue was additionally on the move, rising 15% to $294 million. These headline figures

were above analysts’ estimates for per-share results of 15 cents on revenue of $286.5 million. The numbers plus topped Netflix’s own predictions for earnings of 11 to 19 cents on $284 million in sales. The total number of subscribers to Netflix services moved up 24% during the reporting period to nearly 7 million, from 5.7 million final year. Adjust your Netflix-friend lists accordingly.

Continue reading Netflix (NFLX) earnings potential shares higher

Original post by Beth Gaston Moon

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