Netflix Reported Record Quarterly Revenue of $12.6 Billion, but Guidance Came in Below Expectations. Here’s What It Means for Investors.
That guidance miss didn't help improve sentiment on the beaten-down streaming giant.
Overview
This wasn’t the movie they wanted to watch.
Netflix (NASDAQ:NFLX) published its second-quarter results after market close on Thursday, and after-hours traders reacted by selling out of the streaming giant’s stock. It was down by 9% late that evening; let’s unpack the reasons why.
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Originally published at www.fool.com.
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