Nice Earnings Report, Netflix: So Why Is Your Stock Taking a Dive?

Date: Jul 26 2012

Filed under: Technology, Earnings, Media, Netflix

Reed Hastings, president and CEO of Netflix (Getty Images)

Netflix (NFLX) seemed to do everything right in releasing its second-quarter report on Tuesday night.

  • Revenue climbed nearly 13% to $889 million, exactly where Wall Street figured that Netflix would land.
  • The fallen dot-com darling’s quarterly profit of $0.11 a share was more than double what analysts were targeting for the period.
  • Sure, it once again lost a ton of DVD-based subscribers, but it more than made up the difference in domestic and international streaming accounts.

…

Nice Earnings Report, Netflix: So Why Is Your Stock Taking a Dive? originally appeared on DailyFinance.com on 2012-07-25T16:21:00Z.

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