Netflix Earnings miss, Revenue beats In Q2

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Netflix Earnings miss, Revenue beats In Q2
Credit: © Reuters.

Investing.com - Netflix (NASDAQ: NFLX ) reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Netflix announced earnings per share of $2.97 on revenue of $7.34B. Analysts polled by Investing.com anticipated EPS of $3.18 on revenue of $7.32B.

Netflix shares are down 1% from the beginning of the year and are trading at $531.41 , down-from-52-week-high.They are under-performing the Nasdaq which is up 12.5% from the start of the year.

Netflix follows other major Services sector earnings this month

Netflix's report follows an earnings beat by Prologis on Monday, who reported EPS of $0.81 on revenue of $1.01B, compared to forecasts EPS of $0.4496 on revenue of $1.01B.

Alimentation Couchen A had beat expectations on Tuesday, June 29, 2021 with fourth quarter EPS of $0.52 on revenue of $12.24B, compared to forecast for EPS of $0.44 on revenue of $11,835M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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