Monday, July 23, 2007

Netflix 2nd-qtr profit up but lowers year outlook

(Reuters) - Net income for the second quarter was $25.6 million, or 37 cents per share, compared with $17 million or 25 cents per share a year ago, boosted in part by a $4.1 million settlement of a patent dispute.




Revenue rose 27 percent to $303.7 million, from $239.4 million in last year's second quarter but finished behind analysts' average expectation of $307.8 million, according to Reuters Estimates.


Read more at Reuters.com Market News

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