What to Expect From Netflix's Second-Quarter Earnings on Monday
Netflix is reporting earnings after the bell Monday and analysts expect it to earn $1.15 a share, more than double what it earned in the same quarter last year.
Netflix is reporting earnings after the bell Monday. Analysts expect the online streaming company to earn $1.15 a share over its June-ended second quarter. That's more than double its year-ago earnings of $0.49 cents a share, even as the company invests more heavily in production and international expansion. Revenue is expected to grow nearly 25% to $1.33 billion, thanks to healthy growth in domestic and international subscribers and, to a lesser degree, its $1 price hike implemented in May. The Los Gatos, Calif.-based company estimates total subscribers for second quarter's end to total 49.8 million worldwide. TheStreet's Keris Lahiff has details from New York.
