KQED Nightly Business Report July 18, 2017
Century, Procter Gamble. We begin tonight with netflix and the earnings story that broke after the closing bell. Millions more people than expected subscribed to the streaming service in the latest quarter. New shows helped attract those new viewers at a time when competition in original content is intensifying. Here are the numbers. For the second quarter, netflix earned 15 cents a share. That was a penny below expectations, but revenue was more than 30 higher than a year ago, beating forecasts at rou roughly 2. 8 bil and the stock took off as you see there. Rising initially in afterhours tra...