Netflix Surges On Subscriber Gains, But Profit Falls

By | April 15, 2015

Scalper1 News

Subscription online video service Netflix (NFLX) late Wednesday topped its target for new subscribers in the first quarter, but its Q2 earnings guidance fell well short of views as the company continues to invest heavily in international expansion. Netflix added 4.88 million net new subscribers worldwide in the March quarter, bringing its total to 62.27 million. It previously forecast adding 4.05 million. Netflix earned 38 cents a share in Q1, Scalper1 News

Scalper1 News