Streaming media giant
) reported Q2 earnings and sales after the closing bell Monday:
earnings per share (EPS) of $1.15 on $1.34 billion in revenues
amounted to a mixed result compared with the Zacks consensus -- a
penny beat on the bottom line and a slight miss on the top.
After-market shares were up moderately on the news.
For such a big name in growth companies, however, analysts and
investors are all focused on Netflix's subscriber numbers and
expansion plans. In Q2, the company pushed just past 50 million
total subscribers (domestic and international), up from 48 million
at the end of Q1. Net additions in the quarter reached 1.69
million. This subscriber growth, while still impressive by most
metrics, represents a slowing down that the company had guided
toward earlier. In Q1, Netflix gained 4 million new
As for expansion, Netflix's international market -- while not
yet demonstrating profitability -- will include a push into markets
in Germany and France this September. The company has also
announced another price increase, making sure to cite that the most
recent price increase had no notable negative effect on company
With shares once again pushing up against all-time highs,
however, investors may now been slightly wary about Netflix's
performance for the first time in about two years. Recall that
several of its earnings reports in the recent past were of the
double-digit variety. Although as of now in late-day trading, no
one seems to be penalizing NFLX shares for underperforming.
Also after the bell,
) posted a beat on top and bottom lines on improved Analog and
Embedded Processing offerings. These businesses now make up 82% of
TI's business, helping lead the company to an all-time high gross
margin of 57.1%.
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