Netflix (NASDAQ:NFLX), the current king of streaming video, proved once again why it remains on top with its most recent earnings announcement. The company beat EPS estimates by $0.04, beat revenue estimates by $10 million, and grew the number of US subscribers by 14% year over year. But that's not all--the company predicts that it will add 2.25 million US customers by the end of next quarter.
In spite of all these great numbers and expectations, investors seem to have forgotten about the Federal court ruling from last week that left shares of Netflix reeling. With net neutrality coming to an end, Netflix is at the top of the list of companies that will get hit the hardest. So weighing out the good and the bad, should investors be buying Netflix?
In this segment of the Motley Fool's consumer goods show, Consumer Countdown, CG analysts Michael Finarelli and Sean O'Reilly join host Mark Reeth to discuss what went right with Netflix and if it's enough to invest in the company today.
Netflix may look like it's taking over your TV, but 3 other companies are doing it better
You know cable's going away. But do you know how to profit? There's $2.2 trillion out there to be had. Currently, cable grabs a big piece of it. That won't last. And when cable falters, three companies are poised to benefit. Click here for their names. Hint: They're not Netflix, Google, and Apple.
Mark Reeth has no position in any stocks mentioned. The Motley Fool recommends Netflix. The Motley Fool owns shares of Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.