Netflix falls short of expectations when it comes to EPS. On the other hand, sales during the first quarter were roughly as analysts had expected.
Sales increased 27.7 percent to $ 5.77 billion (4.52). The result can be compared to Factset’s analysts’ consensus, which was 5.75.
Earnings per share closed at $ 1.57 (0.76), which is 4.3 percent worse than the analyst consensus of 1.64.
The share rose sharply following news of more than 15 million new subscribers.
| Netflix, BUSD | First Quarter – 2020 | consensus | The change towards consensus | First quarter 2019 | They change |
| Net sales | 5,77 | 5,75 | 0,3% | 4,52 | 27.7% |
| Earnings per share, in US dollars | 1.57 | 1.64 | -4,3% | 0,76 | 106.6% |
Snap tracks the hopes of the pros
Snap reported higher-than-expected sales during the first quarter. Adjusted earnings per share was higher than expected.
Sales were up 44.5% to $ 462.5 million (320). The result can be compared to Factset analysts’ consensus which was 427.
Adjusted earnings per share was at -0.08 dollars (-0.20), a loss lower than analysts had expected. The consensus was -0.20 dollars.
| Pick up, MUSD | First Quarter – 2020 | consensus | The change towards consensus | First quarter 2019 | They change |
| Net sales | 462,5 | 427 | 8.3% | 320 | 44.5% |
| Adjusted earnings per share | -0.08 | -0,20 | -0,20 |