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Netflix Q3 revenue up 12%, but shares fall on Q4 guidance

The Motley Fool +1 ·

NFLX Netflix Inc
$68.69 -1.66%
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AMZN +0.07% DIS +1.90%
  1. 1Netflix Q3 revenue grew 12% year-over-year to reach $12.9 billion.
  2. 2Diluted earnings per share surged from $0.59 to $0.87.
  3. 3Management guidance for Q4 appeared somewhat subdued, forecasting modest revenue growth and lower profits.

So what's the key point?

Netflix revenue increased to $12.9 billion, showing improved performance. However, the stock price fell due to expectations of slower growth in the next quarter.

Source The Motley Fool +1 · View original ↗

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