What to Expect From Netflix's Second-Quarter Earnings on Monday

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What to Expect From Netflix's Second-Quarter Earnings on Monday

What to Expect From Netflix's Second-Quarter Earnings on Monday
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What to Expect From Netflix's Second-Quarter Earnings on Monday

by TheStreet 0:59 mins

What to Expect From Netflix's Second-Quarter Earnings on Monday

by TheStreet 0:59 mins

Netflix is reporting earnings after the bell Monday. Analysts expect the online streaming company to earn $1.15 a share over its June-ended second quarter. That's more than double its year-ago earnings of $0.49 cents a share, even as the company invests more heavily in production and international expansion. Revenue is expected to grow nearly 25% to $1.33 billion, thanks to healthy growth in domestic and international subscribers and, to a lesser degree, its $1 price hike implemented in May. The Los Gatos, Calif.-based company estimates total subscribers for second quarter's end to total 49.8 million worldwide. TheStreet's Keris Lahiff has details from New York.

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