OMG, Why Isn't Netflix (NFLX) Bought Yet?
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Netflix (Nasdaq: NFLX) issued a third-quarter earnings beat, but guidance failed to live up to marks. Tuesday, the stock closed 34.9 percent lower to $77.37, and isn't faring much better after hours.
The company reported third-quarter earnings of $1.16 per share on revenue of $822 million, both better than views. However, Netflix guided to fourth-quarter earnings of 36 to 70 cents per share, which was far below views of $1.09 per share. The company also sees domestic streaming subscribers of 20.0 to 21.5 million and domestic DVD subscribers of 10.3 to 11.3 million.
Click here for more earnings and analyst news on Netflix following the results.
So, who's the winner?
How about Google (Nasdaq: GOOG), Wal-Mart (NYSE: WMT), Microsoft (Nasdaq: MSFT), Amazon.com (Nasdaq: AMZN), and anyone else chomping at the bit to get a piece of the streaming empire.
With the stock down over 74 percent since a high of $304.79 just last July, the time might be right for Netflix as an M&A play. The drop cuts Netflix from having a market cap of $16 billion, to a more manageable $4 billion. Heck, Amazon, Google, or -- yes -- Apple (Nasdaq: AAPL), might make a move just to see what happens.
Reed, you might still be able to go out on top!
The company reported third-quarter earnings of $1.16 per share on revenue of $822 million, both better than views. However, Netflix guided to fourth-quarter earnings of 36 to 70 cents per share, which was far below views of $1.09 per share. The company also sees domestic streaming subscribers of 20.0 to 21.5 million and domestic DVD subscribers of 10.3 to 11.3 million.
Click here for more earnings and analyst news on Netflix following the results.
So, who's the winner?
How about Google (Nasdaq: GOOG), Wal-Mart (NYSE: WMT), Microsoft (Nasdaq: MSFT), Amazon.com (Nasdaq: AMZN), and anyone else chomping at the bit to get a piece of the streaming empire.
With the stock down over 74 percent since a high of $304.79 just last July, the time might be right for Netflix as an M&A play. The drop cuts Netflix from having a market cap of $16 billion, to a more manageable $4 billion. Heck, Amazon, Google, or -- yes -- Apple (Nasdaq: AAPL), might make a move just to see what happens.
Reed, you might still be able to go out on top!
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