ADVFN - Advanced Financial Network.
HOME» NASDAQ » N » NFLX Stock Price » NFLX Stock News

Netflix Share News

 Netflix (mm) Stock Price
NFLX Stock Price
 Netflix (mm) Stock Chart
NFLX Stock Chart
 Netflix (mm) Stock News
NFLX Stock News
 Netflix (mm) Company Information
NFLX Company Information
 Netflix (mm) Stock Trades
NFLX Stock Trades

Amazon.com 1Q Net Off 35% On Spending Bite

DOW JONES NEWSWIRES Amazon.com Inc.'s (AMZN) first-quarter profit fell 35% as the online retailer's heavy spending continued to weigh down the bottom line. The No. 1 Internet retailer by sales also warned for the third time in as many quarters that it could post an operating loss in the current period, predicting a profit of $40 million to a loss of $260 million. It estimated net sales between $11.9 billion and $13.3 billion, bracketing analysts' average $12.82 billion estimate, according to a poll by Thomson Reuters. Shares surged 9.2% to $214 after hours as the bottom-line result easily topped analysts' cautious expectations. The stock was up 13% this year through Thursday's close. Amazon's bottom line has sagged over the past year as the online retailer continues to invest heavily in a wide range of projects aimed at making its name more ubiquitous in areas ranging from online TV to the industrial supply business. The company has also spent money on efforts to make its operations more efficient, as demonstrated by the company's $775 million acquisition of robot maker Kiva Systems Inc. unveiled last month. The online shopping giant says heavy investment will drive greater profitability in the long run--Kiva's robots make its distribution network more efficient, for instance--though the spending spree has taxed investors' patience. In the latest period, Amazon posted a profit of $130 million, or 28 cents a share, down from $201 million, or 44 cents a share, a year earlier. Analysts were expecting a 7-cent per-share profit. Net sales rose 34% to $13.19 billion, in line with the company's cautious January guidance, which called for $12 billion to $13.4 billion in sales. Gross margin widened to 24% from 22.8%. Operating expenses jumped 36% in the latest quarter, again outstripping revenue growth. Operating earnings fell 41% to $192 million. The company in January said its operating bottom line could range from a $200 million loss to a $100 million profit. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Netflix (NFLX)
DateTimeHeadline
07/22/201411:06:33TECH STOCKS: Apple, Microsoft On The Rise With Earnings On Tap
07/22/201409:46:18U.S. Hot Stocks: Hot Stocks to Watch
07/21/201417:10:46Netflix Earnings More Than Double
07/21/201416:34:43MARKET SNAPSHOT: U.S. Stocks End Lower Amid Geopolitical Tensions
07/21/201414:05:14MARKET SNAPSHOT: U.S. Stocks Pare Opening Losses
07/21/201411:23:22TECH STOCKS: Netflix, EMC Lead Tech Gainers
07/21/201410:05:04MARKET SNAPSHOT: U.S. Stocks Open Lower; Gaza, Russia Headlines...
07/21/201409:10:39MARKET SNAPSHOT: U.S. Stocks: Futures Fall On Gaza, Russia Headlines
07/21/201408:02:36MARKET SNAPSHOT: U.S. Stocks: Futures Drop On Gaza, Russia Headlines
07/21/201406:06:46MARKET SNAPSHOT: U.S. Stocks: Futures Dip On Gaza, Russia Headlines
07/21/201406:03:12MARKET SNAPSHOT: U.S. Stocks: Futures Dip On Israel, Russia Headlines
07/21/201403:20:37MARKET SNAPSHOT: Small Caps' Slump, Ukraine Fears May Hold Up...
07/18/201418:53:57TECH STOCKS: Google Spurs Tech Gains Following Earnings
07/14/201418:36:37TECH STOCKS: Techs Gain Broadly; Apple Rises On Analyst Upgrade
07/01/201416:30:38MARKET SNAPSHOT: U.S. Stocks: S&P 500, Dow Set Fresh Records
07/01/201411:54:45MARKET SNAPSHOT: U.S. Stocks Keep Climbing After Manufacturing...
07/01/201410:10:23MARKET SNAPSHOT: U.S. Stocks Advance After PMI Data
07/01/201409:49:18MARKET SNAPSHOT: U.S. Stocks Open Higher, PMI Data Are Due
06/27/201413:43:42Bonnier to Buy Out Premium TV Firm C More
06/27/201410:53:39Bonnier Buys Stake in C More To Become Sole Owner

Netflix and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad