Netflix (NFLX) investors are hoping for a thriller when the streaming movie service reports fourth-quarter results after the market close Wednesday. Analysts polled by Thompson Reuters expect Netflix to earn 66 cents a share, up from 13 cents in the year-earlier quarter, on sales of $1.17 billion, up 23%. For the current quarter, they’re looking for Netflix to earn 77 cents a share, up from 5 cents, on $1.24 billion in sales, up 21%.
Morgan Stanley on Tuesday downgraded Netflix (NFLX) on worries about tougher competition in the Internet video streaming field from Amazon.com (AMZN) and others, sending Netflix stock falling. Netflix’s subscriber growth may lag estimates because of stiffer competition, says Morgan Stanley in its research note. Netflix, the fourth-best performer of 2013, when it nearly tripled, was down 5% in early trading in the stock market today, at a
Netflix is responding to Amazon.com’s competing streaming video service by offering a new, lower-priced plan. The streaming media giant is testing a discount plan for new subscribers priced more closely to the subscription service offered by Amazon (AMZN), the world’s leading online retailer. Netflix (NFLX) will offer new subscribers a plan in which they would pay $6.99 a month for streaming to one device at a time. The plan will be