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Direct : Netflix earnings rose in the second quarter to exceed analysts' expectations, while revenues were lower than estimates. Net income amounted to $ 384 million ($ 0.85 per share) during the quarter ended June, compared to $ 66 million (15 cents per share) over the same period last year. 39, last year.
Analysts expected earnings per share of 79 cents per share.
Revenues reached $ 3.907 billion in the second quarter, compared to $ 2.785 billion for the same period in 2017.
Analysts were expecting business revenue to rise to 3,938 during the same period.
The company announced it has added 5.2 million subscribers between April and June, below expectations of 6.2 million subscribers.
At 20:40 GMT, Netflix dropped 14% to $ 344.28 after the session.
News | Netflix's revenue is lower than expectations in the second quarter – you can see the original source of the news of the following link: Direct (Economy) The website of the unit declines any responsibility for the news content, but the responsibility lies to the original news editor
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