Netflix, Inc.(NASDAQ:NFLX) fell over 20% in pre-market
session after the company posted lower than estimated subscribers growth.
However, the company reported higher than estimated third quarter earnings and
said that it earmed 11 cents a share on revenue of $889 million, topping
analysts target of a profit of 5 cents a share on revenue of $889 million. At
least as important, though, are the video service’s subscriber numbers. Here
investors were looking for 24.3 million domestic streaming subscribers, 9.1
million DVD subs, and 3.7 million subscribers from Canada, Latin America and
the UK, and Netflix didn’t quite get there: 23.9 million domestic, 9.2 million
DVD, and 3.6 million international.
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Buffalo Wild Wings(NASDAQ:BWLD) lost over 11% as the company
posted lower than estimated second-quarter profit and revenue on lower margin.
The company earned $11.7 million, or 62 cents a share on revenue of $238.7
million, compared to a year ago profit of $10.7 million, or 58 cents a share.
Analysts were estimating the company to report 68 cents a share on revenue of
$240 million.
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Juniper Networks, Inc.(NYSE:JNPR) shares jumped over 7% in pre-market
session as the company reported better than estimated second-quarter revenue
and profit. The company earned 19 cents a share on revenue of $1.07 billion,
ahead of analysts’ target of 16 cents a share on revenue of $1.05 billion.
For the third quarter, the company projects to earn 15 cents
to 18 cents a share on sales of $1.04 billion to $1.08 billion. Analysts on
average had estimated profit of 21 cents and revenue of $1.11 billion.
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