Netflix reported earnings that missed analyst expectations on both revenue and profit, sending shares around 6% lower in after-hours trading.
Netflix reported revenue of $11.51 billion, just shy of Bloomberg consensus estimates of $11.52 billion and slightly below the company’s own guidance of $11.53 billion.
That compares to $9.82 billion in the same quarter last year.
Earnings per share came in at $5.87, missing analyst expectations of $6.94 and Netflix’s internal forecast of $6.87, though still above the $5.40 reported a year ago.
The company guided to revenue for the current quarter above Wall Street expectations, forecasting Q4 revenue of $11.96 billion compared to the $11.90 billion analysts polled by Bloomberg had expected.
Yahoo Finance
Netflix reported earnings that missed analyst expectations on both revenue and profit, sending shares around 6% lower in after-hours trading.
Netflix reported revenue of $11.51 billion, just shy of Bloomberg consensus estimates of $11.52 billion and slightly below the company’s own guidance of $11.53 billion.
That compares to $9.82 billion in the same quarter last year.
Earnings per share came in at $5.87, missing analyst expectations of $6.94 and Netflix’s internal forecast of $6.87, though still above the $5.40 reported a year ago.
The company guided to revenue for the current quarter above Wall Street expectations, forecasting Q4 revenue of $11.96 billion compared to the $11.90 billion analysts polled by Bloomberg had expected.
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