Can Netflix stay one of Wall Street's favorite pandemic stocks? Results due Thursday

FILE PHOTO: A smartphone with the Netflix logo is seen on a keyboard in front of displayed"Streaming service" words in this illustration taken March 24, 2020. REUTERS/Dado Ruvic

In April, Netflix wowed Wall Street by reporting twice the number of expected signups for the first quarter, bringing its worldwide total to 182.9 million customers. The company tried to lower expectations by stressing that the pandemic-related boost likely would fade later. Netflix has forecast 7.5 million customers for the period, which included the release of “Space Force,” “Too Hot to Handle,” a Jerry Seinfeld comedy special and a new season of “Money Heist.”Consumers did, however, have several streaming options. Walt Disney Co’s Disney+ came online in November, and AT&T Inc launched HBO Max in May.

Not at all

'Pandemic stocks' How morally bankrupt / sick are you people?

What is a 'net flix'

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech stocks push Europe lower after Wall Street tumblesEuropean stocks opened lower on Tuesday, hit by a drop overnight on Wall Street following a flare-up in U.S.-China tensions and new coronavirus restrictions. I’d need to know how we transition from natural gas to wind. That’s it.
Source: Reuters - 🏆 2. / 97 Read more »