Netflix sheds $19 billion in market value amid earnings miss and disappointing subscriber-growth forecast Netflix shares dropped as much as 8% on Friday, wiping $19 billion off the video-streaming giant’s market capitalization at intraday lows. Netflix added 10 million subscribers in the second quarter, boosting revenue by 25% and earnings per share by 163%. However, […]
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Netflix (NFLX) Q2 Earnings Miss, Shares Down on Weak Q3 View
Netflix (NFLX) Q2 Earnings Miss, Shares Down on Weak Q3 View Netflix NFLX reported second-quarter 2020 earnings of $1.59 per share, missing the Zacks Consensus Estimate by 13.6% and the company’s guidance of $1.81. However, the figure jumped 165% year over year. Revenues of $6.15 billion increased 24.9% year over year and also beat the […]