Netflix edged Wall Street forecasts for revenue and subscriber growth in the second quarter, but its earnings per share fell short of the company’s own outlook as well as that of analysts.The streaming giant added 1.54 million global subscribers in the period to reach more than 209 million.
Revenue came in at $7.34 billion, slightly higher than analysts’ consensus.Earnings per share was $2.97 on a diluted basis, well short of the company’s forecast of $3.16 and the consensus from analysts of $3.14.Shares in Netflix fell 4% in after-hours trading after drifting down a fraction during the regular trading day.
One downer for the stock was the company’s outlook for the third quarter. Netflix expects to add 3.5 million subscribers, a more modest
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