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Netflix Posts Narrower-than-Expected 1Q Loss

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  • Description

    FBN’s Sandra Smith breaks down Netflix’ first-quarter earnings results.

  • Duration 0:54
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Good afternoon everyone I'm Sandra Smith with your Fox Business briefing Netflix shares are under pressure following its first quarter earnings report the company posting eight.

Narrower than expected loss of eight cents a share revenues also coming in slightly better than expected.

At 870 million dollars but the number of streaming subscriptions in the US.

Fell short of estimates.

And on the flip side Texas Instruments higher after its first quarter results earnings beat estimates at 32 cents a share.

Revenue also coming in better than expected three point 12 billion dollars for the quarter.

And Microsoft has restate -- agreement with FaceBook it's a company struck a deal to -- the patents Microsoft.

Purchased from AOL the social networking site will pay 550 million dollars in cash for roughly 650 patents and applications.

And that is the latest from the Fox Business Network giving you at the heart across.

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