Netflix (NFLX) Stock: Q3 Earnings Miss Estimates as Brazilian Tax Issue Impacts Margins

TLDR Netflix reported Q3 revenue of $11.51 billion, missing analyst estimates of $11.52 billion and its own guidance of $11.53 billion. Earnings per share came in at $5.87, falling short of the $6.94 analyst expectation and the company’s $6.87 forecast. Operating margin hit 28% instead of the forecasted 31.5%, due to an unexpected expense from [...]

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