Wall Street Pauses After Netflix Earnings Announcement

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News

Wall Street Pauses After Netflix Earnings Announcement

Jul 22, 2014

Shares of Netflix (NFLX) may need work through another quarter before the shares can build on its nearly 23% stock price gains in 2014.

The company’s profit rose to $71 million, or $1.15 per share, from $29.5 million, or 49 cents per share, a year earlier. Sales rose to $1.34 billion from $1.07 billion. Analysts on average had expected $1.16 per share in profit on revenue of $1.34 billion, according to Thomson Reuters I/B/E/S.


Mutual Funds with Large NetFlix Holdings


American Funds SMALLCAP World Fund Class A (SMCWX) made Netflix its largest position, with nearly 1M shares or 1.63% of the fund’s assets.


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