NFLX Guides Q4 In-line -- 9:41 AM ET 10/21/10 | Briefing.com
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Netflix (NFLX 170.70 +17.55) reported third quarter earnings of $0.70 per share, $0.01 worse than the Thomson Reuters consensus of $0.71.
Revenues rose 31% year-over-year to $553 million versus the Thomson Reuters consensus $550 million.
NFLX sees Total Subscribers in the range of 19.0 million to 19.7 million, previous guidance 17.7 million to 18.5 million.
NFLX reported third quarter Total Subscribers rose to 16.9 million, guidance was for 16.3 million to 16.7 million.
NFLX reported third quarter gross margins of 37.7%, Thomson Reuters consensus 37.5%. Second quarter SAC was $19.81 compared to $24.37 in second quarter; Churn was 3.8% compared to 4.0% in Q2.
For the fourth quarter, the company issued earnings guidance of $0.59 to $0.74, in-line with the $0.70 Thomson Reuters consensus. On the top line, the company guides revenue at $586 million to $598 million versus $593.04 million Thomson Reuters consensus.
For its fiscal year 2010, the company sees earnings in the range of $2.68 to $2.83 per share, in-line with the $2.79 Thomson Reuters consensus; revenues are expected to be $2.15 billion to $2.16 billion versus $2.17 billion Thomson Reuters consensus.
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