Netflix (NASDAQ:NFLX) announced its quarterly earnings data on Tuesday. The Internet television network reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.21, MarketWatch Earnings reports. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.99 billion. Netflix had a return on equity of 25.66% and a net margin of 7.13%. The company’s revenue was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Netflix updated its Q4 2018 guidance to $0.23-0.23 EPS and its Q4 guidance to $0.23 EPS.
Shares of NASDAQ NFLX opened at $346.40 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.86. Netflix has a one year low of $178.38 and a one year high of $423.21. The stock has a market capitalization of $162.92 billion, a price-to-earnings ratio of 277.12, a PEG ratio of 4.67 and a beta of 0.89.
In other Netflix news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $314.64, for a total value of $314,640.00. Following the transaction, the chief financial officer now owns 1,000 shares in the company, valued at $314,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel David A. Hyman sold 38,976 shares of the business’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $371.20, for a total value of $14,467,891.20. Following the completion of the transaction, the general counsel now owns 43,895 shares in the company, valued at approximately $16,293,824. The disclosure for this sale can be found here. Insiders sold 420,428 shares of company stock worth $149,570,353 in the last 90 days. Corporate insiders own 4.29% of the company’s stock.
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
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