Netflix to Report Q2 Numbers; Original Programming a Boon

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Netflix to Report Q2 Numbers; Original Programming a Boon

Netflix to Report Q2 Numbers; Original Programming a Boon
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Netflix to Report Q2 Numbers; Original Programming a Boon

by TheStreet.com Videos 1:04 mins

Netflix is our stock of the day. Today video rental giant Netflix turns in numbers for the second quarter. Its expected to report earnings of 1.14 a share, almost doubling profits from the same period a year ago. This due in part to new subscribers, sales of video streaming, and the success of original programming such as house of cards. For the year, Netflix shares have risen almost 20%, to trade recently at around $440. However, the stock is down 7.5% since reaching a 52-week-high of $475.87 on July 2. Netflix has a solid expansion plan and the company has set its eyes on Europe to harness the growth potential of international subscribers

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