Netflix, Inc. (NASDAQ: NFLX) Tuesday said its first-quarter 2021 earnings more than doubled. Both revenues and profit topped the Street view, but the streaming giant’s subscriber growth decelerated.
At the end of the first quarter, the company had a total of 207.6 million streaming paid memberships, which is up 14% from last year. Revenues climbed 24% annually to $7.16 billion and exceeded Wall Street’s projection.
Consequently, net income surged to $1.71 billion or $3.75 per share from $709.1 million or $1.57 per share in the first quarter of 2020. Market watchers had forecast a slower growth.
Shares of the company declined Tuesday evening soon after the announcement, after closing the regular session lower.
Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to
CrowdStrike Holdings, Inc. (NASDAQ: CRWD) has steadily expanded its subscriber base over the years, riding the ever-growing demand for cybersecurity solutions. As digital adoption continues -- which accelerated after the
Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported an increase in third-quarter adjusted earnings, aided by double-digit growth in revenues. The numbers surpassed analysts' predictions. Third-quarter profit,