Netflix beats Q3 EPS estimates and announces annual revenue outlook
NFLX Netflix Inc
$63.95 +0.85%
View chart & analysis → - 1Netflix announced that its third-quarter earnings per share exceeded Wall Street expectations.
- 2Netflix's annual revenue forecast of $51.1 billion is lower than market expectations.
- 3CEO Greg Peters said he knows they can do better regarding user engagement in the US.
So what's the key point?
Netflix earned more profit per share in the third quarter than experts expected. However, the annual revenue forecast of $51.1 billion is lower than what the market anticipated.
Source The Motley Fool +2 · View original ↗
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