Tag: nflx stock

  • Netflix Stock Drops After Earnings Miss: Signal or Noise?  

    Netflix Stock Drops After Earnings Miss: Signal or Noise?  

    Netflix Inc. (NASDAQ: NFLX) reported its third-quarter earnings report after the market closed on October 21. The results left investors wanting to change the channel. Revenue of $11.51 billion met expectations. However, on the bottom line, the streaming giant reported earnings per share of $5.87, which was over 15% lower than the $6.97 that analysts expected.  Predictably, NFLX stock is down sharply. As the market opens the…