Tuesday, July 25, 2006 5:05:43 AM
Seems NetFlix has no problem making projections and keeping investors informed.
From NetFlix 8-K
Third-Quarter 2006
Ending subscribers of 5.5 million to 5.7 million
Revenue of $249 million to $254 million
GAAP net income of $5 million to $10 million
Fourth-Quarter 2006
Ending subscribers of at least 6.3 million
Revenue of $267 million to $272 million
GAAP net income of $3.8 million to $8.8 million
Full-Year 2006
Ending subscribers of at least 6.3 million
Revenue of at least $980 million
GAAP net income of $30 million to $35 million
Also, from an article posted by Stockspence
Netflix ended June with 5.17 million subscribers after adding another 303,000 customers during the spring.
But Netflix had to boost its spending substantially to attract those customers and had a tougher time retaining its existing subscribers.
Those factors could be offshoots of intensifying competition with much-larger Blockbuster Inc. -- pressures that threaten to restrain Netflix's earnings growth, much to the dismay of investors.
Netflix released its results after the stock market closed Monday. The company's shares rose 71 cents to close at $23.76 on the Nasdaq Stock Market, then plunged $4.86, or 20.4 percent, in extended trading. (Nearly 50 % revenue growth, double net income, 303k new subscribeers, and the stock goes down. IMO the stock market is comprised of a lot of stupid people)
Once considered a kooky concept, Netflix won over so many converts that Blockbuster has invested more than $100 million to develop its own online service. Blockbuster ended March with 1.3 million online renters. The Dallas-based company is expected to update that figure Thursday when it's scheduled to announce second-quarter earnings.
From NetFlix 8-K
Third-Quarter 2006
Ending subscribers of 5.5 million to 5.7 million
Revenue of $249 million to $254 million
GAAP net income of $5 million to $10 million
Fourth-Quarter 2006
Ending subscribers of at least 6.3 million
Revenue of $267 million to $272 million
GAAP net income of $3.8 million to $8.8 million
Full-Year 2006
Ending subscribers of at least 6.3 million
Revenue of at least $980 million
GAAP net income of $30 million to $35 million
Also, from an article posted by Stockspence
Netflix ended June with 5.17 million subscribers after adding another 303,000 customers during the spring.
But Netflix had to boost its spending substantially to attract those customers and had a tougher time retaining its existing subscribers.
Those factors could be offshoots of intensifying competition with much-larger Blockbuster Inc. -- pressures that threaten to restrain Netflix's earnings growth, much to the dismay of investors.
Netflix released its results after the stock market closed Monday. The company's shares rose 71 cents to close at $23.76 on the Nasdaq Stock Market, then plunged $4.86, or 20.4 percent, in extended trading. (Nearly 50 % revenue growth, double net income, 303k new subscribeers, and the stock goes down. IMO the stock market is comprised of a lot of stupid people)
Once considered a kooky concept, Netflix won over so many converts that Blockbuster has invested more than $100 million to develop its own online service. Blockbuster ended March with 1.3 million online renters. The Dallas-based company is expected to update that figure Thursday when it's scheduled to announce second-quarter earnings.
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