What a difference a year makes. Netflix, the tech industry’s golden child last spring, has been struggling to overcome a series of missteps it made later in 2011. There is guarded optimism that when the company posts its fiscal first quarter report after the closing bell on Monday, some progress will be evident. However, Netflix is expected to report a net loss of $9 million to $27 million for the quarter. It is also expected to post sales growth, in the range of 21 percent. If this proves to be accurate, it will be an improvement from third-quarter 2011 when it was hemorrhaging subscribers and revenue.
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Netflix Struggles to Right Itself
Posted by: Erika Morphy April 23, 2012 11:11 AMWhat a difference a year makes. Netflix, the tech industry’s golden child last spring, has been struggling to overcome a series of missteps it made later in 2011. There is guarded optimism that when the company posts its fiscal first quarter report after the closing bell on Monday, some progress will be evident. However, Netflix is expected to report a net loss of $9 million to $27 million for the quarter. It is also expected to post sales growth, in the range of 21 percent. If this proves to be accurate, it will be an improvement from third-quarter 2011 when it was hemorrhaging subscribers and revenue.