Showing posts with the label MarketWatch | Bulletin - Market Pulse

Netflix profit jumps 55%; warns of slower 3Q: MarketWatch | Bulletin - Market Pulse

By David B. Wilkerso: CHICAGO (MarketWatch) -- Video rental provider Netflix Inc. NFLX -8.36% said Monday that its second-quarter profit rose 55% on increased subscribers to its streaming product, but warned that year-over-year customer additions will decline as a result of a recent 60% price increase. Netflix said it earned $68 million, or $1.26 a share, compared with a profit of $44 million, or 80 cents, in the year-ago period. Revenue rose to $789 million from $520 million. Analysts polled by Thomson Reuters had expected a profit of $1.21 a share on revenue of $791.5 million. Total subscribers rose 70% to 25.56 million. The stock was down 8% in after-hours trading.

Microsoft profit rises 30% in fourth quarter: MarketWatch | Bulletin - Market Pulse

Bulletin By John Letzing SAN FRANCISCO (MarketWatch) -- Microsoft Corp. MSFT -0.76% said Thursday its fiscal fourth-quarter net income rose to $5.87 billion, or 69 cents a share, from $4.52 billion, or 51 cents a share in the same period last year. The Redmond, Wash.-based software firm said revenue for the period ended June 30 rose 8% to $17.4 billion. Analysts polled by FactSet Research had expected Microsoft to report earnings of 59 cents a share, and $17.2 billion in revenue for the quarter.