Netflix stock falls as earnings forecast disappoints
Netflix reported second-quarter earnings that were slightly above expectations for profit but narrowly missed revenue estimates. The company posted $12.56 billion in revenue, a 13% increase from the previous year, driven by subscriber growth, higher prices, and rising advertising revenue. Net income increased to $3.40 billion compared with $3.13 billion a year earlier. Despite the solid results, Netflix shares fell more than 7% as investors … Continue reading Netflix stock falls as earnings forecast disappoints
