Netflix: Defenders Rush in After Disappointing Forecast

Netflix (NFLX) shares are plunging this morning after the company last night reported Q2 revenue in line with estimates and profit per share better-than-expected, and forecast the rest of the year to be about in line with estimates.

Apparently, just meeting estimates is not good enough with a stock that was trading at a multiple of 26 times this year’s earnings at last night’s close.

Sales rose 21 percent in Q2, Netflix said, to $408.5 million, up four percent from the prior quarter, and profit per share rose to 54 cents. That compares to estimates of $409.72 and 50 cents.

Read the rest of this post on the original site

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »