Netflix Q2 2024 GAAP EPS $4.88 Beats $4.75 Estimate, Sales $9.559B Beat $9.528B Estimate
Portfolio Pulse from Benzinga Newsdesk
Netflix (NASDAQ:NFLX) reported Q2 2024 earnings per share (EPS) of $4.88, surpassing the analyst consensus estimate of $4.75. The company also reported sales of $9.559 billion, exceeding the estimate of $9.528 billion. This represents a 16.76% increase in sales compared to the same period last year.
July 18, 2024 | 8:01 pm
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Netflix reported Q2 2024 earnings per share of $4.88, beating the estimate of $4.75. Sales were $9.559 billion, also surpassing the estimate of $9.528 billion. This indicates strong financial performance and a 16.76% increase in sales year-over-year.
The better-than-expected EPS and sales figures, along with a significant year-over-year increase in sales, suggest strong financial health and growth for Netflix. This is likely to positively impact the stock price in the short term.
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