Netflix Reports Mixed Earnings For Q2

July 26, 2011

Netflix (NASDAQ:NFLX) reported Q2 EPS of $1.26 better than $1.11 analysts estimates. Revenues in the quarter rose, 48% to $789 million missing the consensus estimate of $791.48 million.The company added 1.8 million domestic users in the Q2 75% more than 2010's Q2 when they significantly increased subs launching Netflix on the Wii platform.For the next quarter Netflix is looking for $0.72 to $1.07 and a revenue of $799.5 million to $828.5 million.