In its quarterly report, the video streaming giant said it earned $0.09 per share, well above the $0.02 per share analysts were expecting. Revenue rose 19.5% year-over-year to $1.97 billion, but below views for $2.11 billion.
As for subscribers, Netflix saw net additions of 1.52 million internationally, below the 2 million guidance. The company said it expects to add 2 million news subscribers next quarter, compared to expectations of 2.7 million to 2.85 million. It’s worth noting Netflix’s first quarter additions were 4.51 million.
“We are growing, but not as fast as we would like or have been,” Netflix CEO Reed Hastings and CFO David Wells said in a letter to shareholders. “Disrupting a big market can be bumpy, but the opportunity ahead is as big as ever and we continue to improve every aspect of our business.”
Looking ahead to the third quarter, Netflix expects EPS guidance of $0.05 versus consensus of $0.08.
NFLX shares are down nearly 14% year-to-date.
Rambus Inc. (RMBS) reported second-quarter non-GAAP EPS of $0.15 after the closing bell Monday, compared to the consensus estimate of $0.13. Revenues increased 5.1% from last year to $76.5 million. Analysts expected revenues of $74.42 million.
The manufacturer of semiconductor IP products said net income for the 2Q period came in at $3.9 million, or $0.03 per diluted share, from a profit of $6.9 million, or $0.06 per diluted share, a year earlier.
For the third quarter, Rambus guided revenue in the range of $75 to $80 million, as compared to analysts’ expectations of $83.80 million.
As of June 30, 2016, Rambus Inc had cash, cash equivalents, and marketable securities of $259.3 million, an increase of $33.8 million from March 31, 2016.
RMBS stock is trading lower in extended hours to $12.50 a share on 726K volume. The name prints a one year loss of about one percent, and a year-to-date return of around 10 percent.
Shares of Yahoo! Inc. (YHOO) gained $0.22 to $38.17 after the company reported second-quarter earnings of $842 million, or $0.09 per share. Analysts had been modeling $836.8 million and $0.10 per share.
Mavens (mobile, video, native and social) revenue climbed 26% to $504 million from $401 million a year earlier. Search revenue fell 13% compared to the second quarter of 2015.
As of June 30, 2016, Yahoo’s cash and cash equivalents totaled $7.7 billion, compared to $6.9 billion as of December 31, 2015, an increase of about $832 million.
Yahoo climbed 0.63 percent in regular trading to an intra-day high $37.97. The name is down 4.36% year-over-year, compared with a 1.6% gain in the S&P 500.
VMware, Inc (VMW) reported second quarter 2016 results that exceeded Wall Street’s expectations. Revenue rose 11.3% yoy to $1.69 billion, ahead of Wall Street’s consensus estimate of $1.68 billion. Earnings per share came in at $0.97. That was up 4.3% from last year and $0.01 above the Street’s expectations.
Non-GAAP net income for the quarter was $414 million, or $0.97 per diluted share, compared to $396 million, or $0.93 per diluted share, for second quarter of 2015.
“Q2 was a continuation of the good start to the year we experienced in Q1, both for results and against our strategic goal of building momentum for our newer growth businesses and in the cloud,” said in a statement Pat Gelsinger, chief executive officer, VMware.
Looking ahead, the company guided Q3 revenues of $1.74 to $1.79 billion, as compared to analysts’ expectations of $1.72 billion. The management also gave its bottom line range of $1.08 to $1.11 per share, against projections of $1.05 per share.
In after-hours trading, VMware’s shares were up 8.9 percent to $68.10 following the good earnings report.