Netflix and 2 Important Stocks Lightning Up Trading Screens After Earnings

Coach Inc. (NYSE:COH) was profitable and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Net income increased 1.53% to $352.8 million ($1.23 per diluted share) in the quarter versus a net gain of $347.5 million in the year-earlier quarter. Revenue rose 3.54% to $1.5 billion from the year-earlier quarter.

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Coach Inc. reported adjusted net income of $1.23 per share. By that measure, the company missed the mean analyst estimate of $1.28. It missed the average revenue estimate of $1.6 billion.

COH

Netflix, Inc. (NASDAQ:NFLX) delivered a profit and beat Wall Street’s expectations. Net income decreased -77.29% to $8 million (13 cents per diluted share) in the quarter versus a net gain of $35.22 million in the year-earlier quarter. Revenue rose 10% to $945 million from the year-earlier quarter.

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Netflix, Inc. reported adjusted net income of 13 cents per share. By that measure, the company beat the mean analyst estimate of $0. It beat the average revenue estimate of $934.12 million.

NFLX

Meredith Corp. (NYSE:MDP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. Net income increased 12.6% to $35.57 million (89 cents per diluted share) in the quarter versus a net gain of $31.59 million in the year-earlier quarter. Revenue rose 9.7% to $360.6 million from the year-earlier quarter.

Meredith Corp. reported adjusted net income of 89 cents per share. By that measure, the company beat the mean analyst estimate of $0.85. It missed the average revenue estimate of $374.4 million.

MDP

Don’t Miss: After Strong Earnings, Netflix Sets the Stage for Long-Term Growth.