Netflix reported what would usually be thought-about a blowout quarter after the market shut on Thursday. However these aren’t regular instances.
The corporate had a file variety of second-quarter subscribers, making it the second-highest quarterly progress in Netflix’s historical past. Income additionally hit an all-time excessive, topping $6.1 billion, up practically 25% yr over yr, and marking the primary time quarterly income had surpassed the $6 billion milestone.
It wasn’t all good, nevertheless. Netflix reported earnings per share (EPS) of $1.59, about 12% decrease than each administration and analysts had anticipated. The stock initially slumped as a lot as 8% on the news earlier than recovering barely and ending the day down 6.5%.
