Netflix, Inc. (NFLX) Stock Offers Traders a Juicy Opportunity

Netflix Earnings Preview: Revenue And Subscribers Set To Grow Even As International And Content Expansion Erodes Profitability

Netflix Earnings Preview: Revenue And Subscribers Set To Grow Even As International And Content Expansion Erodes Profitability

The Los Gatos, California company now has a market value of about $63 billion.

Netflix ended March with almost 48 million subscribers outside the U.S.

Along with posting strong earnings on Monday, the United Statesbased company reported a net increase of 4.95 million subscribers, most of those overseas, where it has been investing to become a global entertainment network.

He recalled investor fears a few years ago that Netflix - like AOL before it - would hit "the 30-million sub wall".

Netflix CEO Reed Hastings called the 100 million subscriber mark "a good start" in a letter reviewing the company's first-quarter results.

Discussing the Q2 guidance, analyst David Miller said the company's earnings per share guidance of $0.15 was short of his estimate as well as the consensus estimate of $0.24.

In worldwide markets, Netflix expects to add 2.60 million subscribers, above the average estimate of 2.09 million.Up to Monday's close, Netflix's stock had risen almost 19 percent in 2017, outperforming the roughly 5 percent gain in the broader S&P 500 index.

Erdogan insists Turkey reforms don't make him a dictator — CNN Exclusive
He also said Turkey could hold further referendums on its bid to join the European Union and on reintroducing the death penalty. Following the board's ruling, the Republican People's Party said it would not give up on "no" voters who opposed the changes.

Netflix announced past year that it was going to invest $6 billion into developing original series and movies with the goal to make about 50 percent of its content original.

This means the streaming company is paying virtually no tax outside of the United States, where it made a taxable profit of $606 million from revenues of $1.47 billion. Consolidated Q1 revenue and adjusted EPS of $2.64 billion and $0.40 compared with Baird's $2.62 billion and $0.36 estimates.

Netflix said its recent release of the Dave Chappelle specials "The Age of Spin" and "Deep in the Heart of Texas" were among its most viewed comedy specials.

As of the end of March, Netflix had 98.75 million global streaming members. Previous year the firm spent a similar amount on marketing across its entire operation.

Shares of Netflix (NASDAQ:NFLX) opened at 139.76 on Monday.

Pachter along with the other analyst are thinking for how much time Netflix will be able to hold the line on price as movie and TV studios typically demand more money as more people subscribe to channels.

"The company is likely to continue to experience quarter-to-quarter volatility, as both the pace of subscriber additions and the path to respectable profitability remains hard to determine", wrote Dougherty analyst Steven Frankel in a research note, maintaining his neutral rating.

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