Netfllix added 630,000 U.S. streaming customers and achieved profit of $29 million, or 49 cents a share, in the second quarter of 2013, it reported on Monday. Those profits represent a dramatic increase from the same period a year ago. The company’s revenue, meanwhile, rose 20 percent year-on-year to $1.07 billion. Netflix’s stock price has climbed by close to 200 percent this year. Tempering that encouraging financial news, however, was analysts’ disappointment that the company hadn’t gained more subscribers.
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Netflix Hits a Triple - Investors Whine for Home Run
Posted by: Peter Suciu July 23, 2013 02:49 PMNetfllix added 630,000 U.S. streaming customers and achieved profit of $29 million, or 49 cents a share, in the second quarter of 2013, it reported on Monday. Those profits represent a dramatic increase from the same period a year ago. The company’s revenue, meanwhile, rose 20 percent year-on-year to $1.07 billion. Netflix’s stock price has climbed by close to 200 percent this year. Tempering that encouraging financial news, however, was analysts’ disappointment that the company hadn’t gained more subscribers.