Netflix, Inc. (NASDAQ:NFLX) reported net income above Wall Street’s expectations for the most recent quarter. Net income for Netflix, Inc. rose to $62.5 million ($1.16 per share) vs. $38 million (70 cents per share) in the same quarter a year earlier. This marks a rise of 64.5% from the year earlier quarter. Revenue Rose 48.6% to $821.8 million from the year earlier quarter. NFLX beat the mean analyst estimate of 96 cents per share. Analysts were expecting revenue of $811.1 million. Shares are down 35%.
Competitors to Watch: Amazon.com Inc. (NASDAQ:AMZN), Dish Networks (NASDAQ:DISH), Best Buy (NYSE:BBY), Comcast (NASDAQ:CMCSA), AOL (NYSE:AOL), Time Warner (NYSE:TWX), Time Warner Cable (NYSE:TWC), DirecTV (NASDAQ:DTV), TiVo (NASDAQ:TIVO), Echostar (NASDAQ:SATS), Coinstar, Inc. (NASDAQ:CSTR), Apple Inc. (NASDAQ:AAPL) and IMAX (NASDAQ:IMAX).
Unisys Corporation (NYSE:UIS) reported net income above Wall Street’s expectations for the third quarter. Net income for the information technology services company rose to $78.6 million ($1.63 per share) vs. $28.3 million (65 cents per share) in the same quarter a year earlier. This is a more than twofold rise from the year earlier quarter. Revenue rose 6.2% to $1.02 billion from the year earlier quarter. UIS beat the mean analyst estimate of 70 cents per share. It beat the average revenue estimate of $926.9 million. Shares are up 33%.
“This was a strong quarter for Unisys,” said Unisys Chairman and CEO Ed Coleman. “Building on our foundational work to strengthen our competitive and financial position, we grew both total revenue and services revenue and tripled our earnings per share from continuing operations. Strong ClearPath sales, continued growth in our non-U.S. Federal IT outsourcing business, and higher sales of industry solutions within our system integration business more than offset a decline in our U.S. Federal business where market conditions remain challenging. “We remain focused on achieving our strategic financial goals, delivering innovative products and solutions, and providing consistently high levels of service quality to our customers,” Coleman said.
Competitors to Watch: Intl. Business Machines Corp. (NYSE:IBM), Red Hat, Inc. (NYSE:RHT), EMC Corporation (NYSE:EMC), Oracle Corporation (NASDAQ:ORCL), Microsoft Corporation (NASDAQ:MSFT), Hewlett-Packard Company (NYSE:HPQ), WidePoint Corporation (AMEX:WYY), Computer Sciences Corp. (NYSE:CSC), SAP AG (NYSE:SAP), and Dell Inc. (NASDAQ:DELL).