Stocks to Watch: Netflix, Apple, AT&T
NEW YORK -- Netflix
Netflix said because of increased seasonality it expects net additions to be below 2010's level. Netflix said it expects to have between 23.6 million and 24.2 million subscribers, implying growth between 200,000 and 800,000 streaming subscribers. It also expects second-quarter revenue of $873 million to $895 million. Analysts forecast revenue of $895.11 million.
Netflix said it expects a second-quarter loss of between 10 cents and 14 cents a share. Analysts estimated a loss of 17 cents a share.
The online entertainment company posted a first-quarter loss of 8 cents a share on $870 million in revenue. Analysts had expected a loss of 27 cents a share on revenue of $866.93 million.
Analysts forecast earnings of $10.02 a share on revenue of $36.7 billion. The company has topped the consensus view on a quarterly basis 97% of the time since 2003, according to Birinyi Associates.
Investors will be paying close attention to iPhone sales, given recent worries of a slowdown.
-- Written by Joseph Woelfel
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