Needham slashes its full-year EPS estimate for Netflix (NASDAQ:NFLX) to -$0.50 from $2.50,...

|About: Netflix, Inc. (NFLX)|By:, SA News Editor

Needham slashes its full-year EPS estimate for Netflix (NASDAQ:NFLX) to -$0.50 from $2.50, saying Netflix has spent inordinately to acquire streaming content but subscriber growth isn't keeping pace with growth in content costs. Unless Netflix brings those two points together, its domestic streaming business could soon become unprofitable. (Briefing.com)

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