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Netflix, Inc. Cools Down in the Summer Quarter

2015-10-15 9 Dailymotion

High-flying streaming video titan Netflix reported mixed third-quarter results on Wednesday afternoon.<br />While overall subscriber growth and profit came in roughly in line with the company's guidance, domestic growth slowed again in Q3 after two quarters of acceleration.<br />For most companies, Netflix's results would have been perfectly satisfactory.<br />However, Netflix isn't most companies.<br />Naturally, investors are feeling a bit of a letdown after Netflix's strong first-half performance caused the stock to more than double since January.<br />During Q3, Netflix's revenue totaled $1.74 billion, while earnings per share reached $0.07.<br />Analysts had been expecting slightly better performance on both metrics: revenue of $1.75 billion and EPS of $0.08.<br />The results were also roughly in line with the guidance Netflix had provided back in July.

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