Fantastic News for Netflix Stock Investors!
The company hasn't said its last word.
Overview
Netflix (NASDAQ: NFLX) is going through a rough patch. The company's shares are down 45% over the past 12 months, as investors increasingly worry about slowing revenue growth and stiff competition. Netflix's recent second-quarter update, released on July 16, seems to have confirmed these fears. Even though its revenue and earnings for the period met Wall Street's estimates, the company's third-quarter guidance didn't, leading to a sharp post-earnings drop.
However, there are still good reasons to be optimistic about Netflix's future. Let's consider one remark management made during the company's latest earnings call that should have investors excited.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
Related Articles
- Japan exports and imports grow at fastest pace since November 2022, beating estimates
- Warren Buffett Reveals He Was Behind Berkshire's Decision to Invest in Alphabet
- Nano Nuclear Energy Is Paying Up to $13 Million to Acquire This Nuclear Logistics Company. Here's Why Investors Shouldn't Overlook This Small Deal.