These Analysts Cut Their Forecasts On Netflix Following Q2 Results
Netflix reports mixed Q2 results, with revenue missing Street estimate but earnings beating it. Weak guidance for Q3 leads to 11.2% pre-market drop.
Why It Matters
Netflix made less money than expected, but its profits were better than predicted. Analysts think things will slow down next quarter, so some experts lowered their hopes for the company's future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.