This afternoon Wedbush analyst, Michael Pachter, tried to scared longs out of NFLX, by suggesting the company was in dire straights with regards to its cash flow. Here was the CNBC exchange.
The gains were fueled by monstrous gains overseas, adding 4.14 mln vs 2.60 mln guidance.
Domestic additions missed the mark by a wide margin, adding 1.07m subs v guidance of 1.42m. America simply isn’t that important to the NFLX story anymore.
As a result, Netflix is guiding up.
Netflix sees Q3 $0.32 vs $0.22 Capital IQ Consensus Estimate; sees revs $2.97 bln vs $2.88 bln Capital IQ Consensus Estimate
Here’s the full breakdown, excluding DVDs, which is a meaningless metric.
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