Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Jim Cramer: Should You Sell Shares After a Company Announces Weak Guidance?

Video Credit: The Street - Duration: 00:56s - Published < > Embed
Jim Cramer: Should You Sell Shares After a Company Announces Weak Guidance?

Jim Cramer: Should You Sell Shares After a Company Announces Weak Guidance?

Netflix announced weak guidance when it released earnings Tuesday after the bell.

The company said it added 9.6 million paid streaming subscribers in the first quarter, beating guidance of 8.9 million, but its outlook for the second quarter disappointed.

First-quarter earnings of 76 cents a share rose from year-earlier profit of 64 cents.

Revenue jumped to $4.5 billion from $3.7 billion a year earlier.

Analysts were forecasting earnings of 58 cents a share on revenue of $4.5 billion.

Netflix said it expects to add 5 million paid subscribers in the second quarter, an 8% decline from a year earlier, with 300,000 new subscribers in the U.S. and 4.7 million new subscribers internationally.

Analysts were calling for 5.5 million paid new subscribers.

In addition, Netflix said its expects revenue in the quarter of $4.93 billion, slightly below consensus, while earnings were forecast at 55 cents a share, well below expectations of 99 cents.

The company said it expects to see "some modest short-term churn effect as members consent" to the company's recently announced price changes.

While U.S. net adds were seemingly unaffected by the change, the international market may be less forgiving.

To combat this, the company said it was "looking forward to a strong slate of global content in the second half of the year." Jim Cramer weighs in on whether or not investors should sell stock after a company announces weak guidance.

Related.

Jim Cramer: Netflix Is a Necessary Bargain

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Jim Cramer's Takeaway From Abbott's Earnings [Video]Jim Cramer's Takeaway From Abbott's Earnings

Abbott Labs reported first-quarter earnings that topped its own forecast. Abbott reported adjusted earnings of 63 cents per share on revenue of $7.5 billion, a 2% year-over-year increase. Analysts..

Credit: The Street     Duration: 01:30Published

Jim Cramer's Response to Netflix's Earnings [Video]Jim Cramer's Response to Netflix's Earnings

Netflix said it added 9.6 million paid streaming subscribers in the first quarter, beating guidance of 8.9 million, but its outlook for the second quarter disappointed. First-quarter earnings of 76..

Credit: The Street     Duration: 01:23Published

Jim Cramer's Thoughts on Abbott and Netflix Earnings, Qualcomm and Apple [Video]Jim Cramer's Thoughts on Abbott and Netflix Earnings, Qualcomm and Apple

Here's what Jim Cramer is watching in the markers Wednesday morning. Abbott's Earnings Abbott Labs reported first-quarter earnings that topped its own forecast. Abbott reported adjusted earnings of 63..

Credit: The Street     Duration: 05:13Published

Why UnitedHealth Is Real Money's Stock of the Day [Video]Why UnitedHealth Is Real Money's Stock of the Day

United Healthcare on Tuesday reported first-quarter earnings that beat analysts' forecasts, and lifted its outlook on expectations that it will continue to expand benefits while managing costs, wrote..

Credit: The Street     Duration: 00:46Published

What Jim Cramer Expects From Netflix's Earnings [Video]What Jim Cramer Expects From Netflix's Earnings

Netflix is expected to report earnings after the bell Tuesday. Shares have mostly tread water since the company delivered a solid Q4 report in January, after having soared during the weeks immediately..

Credit: The Street     Duration: 00:52Published

Behind Nike's $22 Million in Added Brand Value From Tiger's Masters Win -- ICYMI [Video]Behind Nike's $22 Million in Added Brand Value From Tiger's Masters Win -- ICYMI

Happy Monday! It was a very good Sunday for Tiger Woods and his longtime sponsor Nike . Nike's $22 Million Man With his dramatic victory at the Masters on Sunday, Tiger Woods was Nike's $22-million..

Credit: The Street     Duration: 02:28Published

Jim Cramer's Reaction to Citigroup and Goldman Sachs Earnings [Video]Jim Cramer's Reaction to Citigroup and Goldman Sachs Earnings

Jim Cramer weighed in on Citigroup and Goldman Sachs, which both released earnings before the bell Monday morning. Citigroup's Earnings Real Money Stock of the Day Citigroup posted..

Credit: The Street     Duration: 00:54Published

Why Jim Cramer Says That Anadarko Redeemed Itself By Selling to Chevron [Video]Why Jim Cramer Says That Anadarko Redeemed Itself By Selling to Chevron

Jim Cramer kicked off his members-only Action Alerts Plus monthly call by talking about Chevron's purchase of Anadarko . Chevron said Friday it plans to buy Anadarko Petroleum for $33 billion in..

Credit: The Street     Duration: 00:48Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.