Market-Moving News for July 17th
NFLX: 10% | Netflix shares are trading lower after the company reported worse-than-expected Q2 sales results and issued Q3 guidance below estimates. Also, the company narrowed its FY26 sales guidance with its midpoint
Netflix reported that it made less money than people thought it would, and said it will probably make less money going forward than expected. When a company's actual results and future plans disappoint investors, the stock price usually falls, which is what happened here.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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