It looks like Wall Street is expecting a good show from Netflix today when the company reports second-quarter earnings after the markets close.
Numbers, we ve got numbers: A Bloomberg survey of analysts expects earnings per share of $1.13 on $1.3 billion in revenue. Last quarter, the company beat expectations with
As usual with Netflix, the most-watched number will be the number of subscribers it added in the quarter. Last quarter, the company wowed with 4 million new subscribers. This time around — after a May subscription-fee increase for new subscribers — the company estimates it will add almost nearly 1.5 million subscribers to reach just under 50 million subscribers. But CNBC points out that Netflix tends to over-deliver, so might Netflix break the 50-million mark?
Shares are up nearly 1.5 percent to about $450. The Los Gatos company s stock, by the way, is up about 70 percent year over year.
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