second-quarter figures largely disappointed investors, but Wall Street firms mostly see the report as a bump in the road.
Still, earnings and forward guidance left shareholders wanting. Profits totaled $1.59 per share over the period, missing the $1.82 estimate. Netflix forecasted 2.5 million new users joining its service in the third quarter, reflecting a 75% decline from the previous three-month period. It also came in well below the consensus projection of a 5.1 million increase, according to Bloomberg data.
Here's what three analysts had to say about the lackluster report and where Netflix shares are heading.A Wall Street expert breaks down his 5-part strategy that could quadruple returns for investors buying the market's smallest companiesThe company's lighter-than-expected guidance and strong second-quarter subscriber growth suggest some of its upcoming demand arrived sooner than expected, analysts led by Maria Ripps said Friday.
The ultimate guide to getting started in real-estate investing — according to entrepreneurs who built multimillion-dollar empires from scratchAnalysts led by Douglas Mitchelson downgraded Netflix stock to "neutral" from "outperform" following the earnings miss, citing "a lack of near term catalysts.
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LIVE: Netflix reports Q2 earnings as its stock remains near all-time highs - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Stock futures open little changed after Netflix earnings miss and its shares tankU.S. stock futures were flat Thursday night after Netflix's quarterly report sent the stock tumbling. Subscribers crushed projections, but light subscriber forecast 🤦🏻♂️ Same old second quarter story. Not worried. Keep pumping and make traps for other FANNG stocks. NFLX is the first one. We will see AAPL dumping as no more Chinese buying iPhone.
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How to invest amid Q2 earnings, stock-market risks: Morgan Stanley - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Stock futures fall as China data weighs ahead of bank earnings, economic dataU.S. stock index futures fell on Thursday after a surprise drop in China's retail sales signaled a bumpy economic recovery, with investors now turning to the next set of quarterly bank earnings and economic data to gauge the pace of a domestic rebound.
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Netflix stock options traders are ready for a big move after earningsTraders of Netflix Inc. stock options are prepared for a big move on Friday, in reaction to the streaming video giant’s much anticipated earnings report.
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