NFLX Post-ER Charts
Shares of video rental provider Netflix Inc. (NFLX: news, chart, profile) were down 9% Tuesday morning, the biggest drop among S&P 500 companies, after it reported weaker-than-expected second-quarter revenue and issued third-quarter revenue estimates that fell far short of most analyst forecasts. Netflix earlier this month raised the price for its DVD-and-streaming-video combination plan to $15.98 from $9.99, prompting an angry response from many subscribers. Netflix now expects third-quarter revenue of $780 million to $805 million, vs. the $845.3 million average projection of analysts polled by Thomson Reuters.
Shares of video rental provider Netflix Inc. (NFLX: news, chart, profile) were down 9% Tuesday morning, the biggest drop among S&P 500 companies, after it reported weaker-than-expected second-quarter revenue and issued third-quarter revenue estimates that fell far short of most analyst forecasts. Netflix earlier this month raised the price for its DVD-and-streaming-video combination plan to $15.98 from $9.99, prompting an angry response from many subscribers. Netflix now expects third-quarter revenue of $780 million to $805 million, vs. the $845.3 million average projection of analysts polled by Thomson Reuters.
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
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