- Company News: Netflix (NFLX) quarterly earnings miss analysts’ forecast
Notícias do Mercado
17 julho 2020
Company News: Netflix (NFLX) quarterly earnings miss analysts’ forecast
Netflix (NFLX) reported Q2 FY 2020 earnings of $1.59 per share (versus $0.60 per share in Q2 FY 2019), missing analysts’ consensus estimate of $1.83 per share.
The company’s quarterly revenues amounted to $6.148 bln (+24.9% y/y), beating analysts’ consensus estimate of $6.083 bln.
Netflix also reported global streaming net adds of 10.09 mln versus its prior guidance of 7.50 mln.
The company issued mixed guidance for Q3 FY2020, projecting EPS of $2.09 versus analysts’ consensus estimate of $1.99 and revenues of $6.327 bln versus analysts’ consensus estimate of $6.4 bln. It also guided Q3 global streaming net adds of only 2.5 mln.
NFLX fell to $491.77 (-6.75%) in pre-market trading.
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