How Is Netflix Faring after Its 1Q18 Results?
Netflix (NFLX) announced its 1Q18 results on April 16, 2018, and posted slightly better-than-expected earnings and revenues. In 1Q18, Netflix posted adjusted earnings of $0.64 per share, exceeding analysts’ consensus of $0.63 per share. The company posted total revenues of $3.7 billion, slightly better than the estimate of $3.69 billion. Its earnings and revenues increased ~60.0% and ~40.0% year-over-year, respectively.