Netflix earnings top estimates, issues upbeat Q2 guidance
Netflix (NFLX) reported first quarter earnings of $6.61 per share, well above the expected $5.68. Revenue was also better than estimated. Guidance for the second quarter was also better than expected. The company expects to report revenue of $11.04 billion versus a Bloomberg consensus estimate of $10.88 billion and earnings of $7.03 compared to the $6.24 estimate. In the video above, Market Domination Overtime Anchor Josh Lipton, Senior Reporter Alexandra Canal, and Unlimited Co-Founder, CEO, & CIO Bob Elliott break down the streaming giant's results. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.