Shares of Netflix (NASDAQ:NFLX) lost over 16 percent as the company lost over 850,000 domestic DVD subscribers in Q2, which now stand at 9.24 million. Domestic streaming operations however added 530,000 subscribers bringing the base to 23.94 million, while international streaming subscribers added 560,000 totaling 3.62 million. Q3 subscriber adds could be lower thanks to the Olympics and EPS is likely in the range -$0.10 to $0.14 against expectations of $0.11.
Juniper (NYSE:JNPR) posted product revenues that declined 10 percent year-on-year while service revenues were up 17 percent; in hardware, revenues for routers fell 18 percent while switches were up 19 percent; other highlights of Q2: a new partnership with Riverbed (NASDAQ:RVBD) and a buyback of shares amounting $94 million. Considering the competitive pressures, its guidance for Q revenue in the range $1.04 billion -$1.075 billion (consensus $1.11 billion) and EPS of $0.15-$0.18 (consensus $0.21) may be creditable.
Shares of restaurant chain Buffalo Wild Wings (NASDAQ:BWLD) tank 15 percent after the company reports a disappointing Q2: though net earnings were up 9.3 percent Y-on-Y, with an over 5 percent increase in same-store sales at both company owned restaurants and franchisees, results nevertheless missed expectations. The company guides a 15-20 percent growth in FY12 net earnings.
Shares of TripAdvisor (NASDAQ:TRIP) gave up almost a fifth of their value after its Q2 results missed on revenues but were in-line on EPS; on-line ad revenues grew only 13 percent in the quarter against 20 percent in the previous quarter. It appears the company did not make investments as planned during the quarter as judged by an improvement in margins rather than volume growth.