Netflix EPS of $3.29 on revenues of $8.19 billion

<p>Netflix earnings for 2Q show:</p><ul><li>earnings-per-share $3.29 versus expected $2.86</li><li>revenues $8.19 billion versus expected $8.29 billion</li><li>Streaming and paid net additions 5.89 million versus expected 2.07 million</li></ul><p>Netflix's guidance for Q3 includes the following:</p><ul><li>It projects revenue of $8.5 billion, which is slightly below the expected $8.67 billion.</li><li>The company anticipates an earnings per share (EPS) of $3.52, surpassing the expected $3.23.</li><li>Netflix expects the number of paid net additions to its streaming service in Q3 to be similar to this quarter.</li></ul><p>Netflix shares are trading lower at $457.76 that's down 4.16% from the closing level of $477.59.</p>

This article was written by Greg Michalowski at www.forexlive.com.