Content streaming juggernaut Netflix Inc. (NASDAQ:NFLX) continues to set expectations ablaze, thereby seemingly justifying its market performance this year. Last week, the media giant posted second-quarter financial results that exceeded analysts' expectations. In fact, the company's net profit of $3.1 billion represented a fresh record. However, the volatility of NFLX stock following the results has led to probing questions.
On the positive front, it's difficult to deny the underlying narrative of consistently robust financial performances. In the second quarter, Netflix generated revenue of $11.08 billion, up 16% against the year-ago period. Furthermore, this tally exceeded Wall Street's estimate of $11.04 billion. On the bottom line, the company reported earnings per share of $7.19, beating the consensus view of $7.06.
