Netflix turned in a solid quarter that bested Wall Street expectations. It reported $1.27 billion in revenue and earnings of 86 cents a share. Analysts were hoping for a revenue of $1.27 billion and earnings per share of 81 cents. That compares to earnings of 5 cents a share on revenue of $1.05 billion for this same period one year ago. The stock is up in after-hours trading.
In terms of subscriber growth, Wall Street consensus had projected Netflix would add 2.25 million US subscribers and 1.6 million international subscribers, bringing its grand total between 47 million and 48 million customers. The company delivered on that front as well, with 2.254 million new US subscribers and 1.75 million new international customers. As usual,...
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