Netflix (NFLX, $240.86) posts higher-than-expected earnings, with subscriber count beating estimates
Netflix posted diluted earnings of $3.10 per share, that exceeded the Street expectations of $2.13 per share.
Revenue rose +6% from the year-ago quarter to $7.93 billion, compared to analysts’ expectations of $7.84 billion. Netflix added almost 2.4 million global subscribers in the quarter, beating estimates of 1 million. However, the figure is lower than the 4.4 million in the year-ago quarter.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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