Bill Ackman's Netflix Optimism Meets Mixed Earnings Results
NFLX Netflix Inc
$62.69 -2.87%
View chart & analysis → - 1Pershing Square Capital Management CEO Bill Ackman said Netflix stock is very cheap.
- 2Netflix reported third-quarter earnings per share of $0.87, exceeding the Wall Street estimate of $0.82.
- 3Netflix cut its annual advertising revenue outlook from the previous $3 billion to approximately $2.7 billion.
So what's the key point?
Bill Ackman said Netflix stock is very cheap. Netflix reported earnings per share of $0.87, which was higher than what experts expected, but the company lowered its advertising revenue outlook.
Source Yahoo Finance +1 · View original ↗
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