We’re winding up a busy earnings week. Netflix (NFLX) reported that its earnings jumped 22% for the second quarter.
Los Gatos, Calif.-based Netflix also lifted its revenue and subscriber estimates for 2009.
After the market closed, Netflix said it earned $32.4 million, or 54 cents a share, compared with a profit of $26.6 million, or 42 cents a share, in the same quarter a year ago.
Excluding stock-based compensation, Netflix said it would have earned 58 cents a share in the latest three months.
Revenue rose 21% to $408.5 million.
Analysts surveyed by Thomson Reuters were expecting a profit, excluding stock-based compensation, of 52 cents a share on revenue of $409.7 million.
Clearly, the economy isn’t impacting businesses like Netflix as strongly as other sectors.