Netflix Stock Falls After Weak Third-Quarter Revenue Outlook

TLDR Netflix forecast third-quarter revenue of US$12.86 billion and earnings per share of 82 cents, both below Wall Street expectations. The company’s shares fell about 8.6% in after-hours trading following the weaker-than-expected financial outlook. Second-quarter results largely matched analyst estimates, with revenue reaching US$12.56 billion and earnings per share of 80 cents. Netflix reaffirmed its [...]

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