Video streaming giant Netfllix Inc. (NASDAQ: NFLX) reported a 25% growth in second-quarter revenues as the company continued to expand its subscriber base. Meanwhile, earnings missed Wall Street’s prediction and the stock declined on Thursday evening following the announcement.
At 192.95 million, the number of global paid members was up 27.3% from the year-ago period. Total revenues surged 25% annually to $6.15 billion.
Second-quarter net income was $720 million or $1.59 per share, compared to $271 million or $0.60 per share last year. While revenues topped the estimates, earnings missed.
Also read: Is Netflix a buy after rising 50% in 2020?
Netflix’s stock dropped during Thursday’s after-hours trading session, after closing the regular session higher.
Target Corporation (NYSE: TGT) reported fourth-quarter 2020 financial results before the opening bell today. The department store chain reported Q4 revenue of $28.3 billion, up 21% year-over-year and higher than
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus