Netflix posts earnings of 9 cents a share vs. 2 cents expected
Publishing timestamp: 2016-07-18 22:04:00
Summary
Netflix shares dropped 15% in after-hours trading after missing subscriber numbers, despite beating earnings expectations. The company added fewer subscribers than expected and faced increased churn. Analysts are concerned about growing competition, slowing subscriber growth, and high content costs. Stock has fallen over 13% this year.
Sentiment: NEGATIVE
Tickers: NFLX,
Keywords: business news, earnings announcements, technology, netflix inc, earnings, entertainment, media,
Source: https://www.cnbc.com/2016/07/18/netflix-reports-second-quarter-2016-earnings.html