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<Results>Netflix Slumps 9% Post-Mkt as EPS Forecast for This Qtr Misses, Co-Founder Announces Resignation
Netflix (NFLX.US) announced after the market bell on Thursday that its 1FQ revenue rose by 16% YoY to USD12.25 billion, above expectations of USD12.18 billion, while net profit nea...
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<Results>Netflix Slumps 9% Post-Mkt as EPS Forecast for This Qtr Misses, Co-Founder Announces Resignation
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Netflix (NFLX.US)      announced after the market bell on Thursday that its 1FQ revenue rose by 16% YoY to USD12.25 billion, above expectations of USD12.18 billion, while net profit nearly doubled YoY to USD5.28 billion, with EPS of USD1.23, beating expectations of USD0.76.

Nevertheless, Netflix's EPS forecast of USD78 cents for this quarter was still below Wall Street analysts' estimate of USD84 cents, and Reed Hastings, its chairman and co-founder, is set to step down after serving the board for 29 years to pursue philanthropic endeavors and personal interests. The company's share price slumped by 9% in after-hours trading.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsContinuing Jobless Claims for May/16 in the United States is 1786.0K, higher than the previous value of 1771.0K. The forecast was 1780K.

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