Jim Cramer: I’m Concerned About Netflix
Netflix did not offer a coherent vision for its U.S. business and that is concerning, says Jim Cramer.
Netflix (NFLX) - Get Report did not offer a coherent vision for its U.S. business and that is concerning, says TheStreet's Jim Cramer. Shares of Netflix are sharply down Tuesday after the video streaming company posted second quarter earnings of $0.09 a share on $2.1 billion in revenue. Wall Street consensus had been for earnings of $0.02 a share and $2.11 billion in revenue. The company, known for its original shows including House of Cards and Orange is the New Black, said it added 1.7 million new subscribers in its second quarter, below its forecast of 2.5 million new customers and the 3.3 million it added in the same quarter a year earlier.
