Netflix’s tight-lipped culture makes earnings surprises hard to avoid

When some companies know that their quarterly results are going to fall short of forecasts, they put out a pre-announcement or update their guidance. But not Netflix.with no warning on Wednesday: Its customer growth was roughly half what it had projected, and Netflix actually lost U.S. subscribers during the period. That hasn’t happened since 2011, when the company made a disastrous attempt to split up its streaming and DVD-by-mail operations.

Another reason not to issue a warning: The company met most of Wall Street’s financial estimates, such as sales and profit. It was only the subscriber numbers that really came up short. There’s also been a broader shift away from giving earnings warnings, said Huber Research Partners founder Craig Huber.

Those kinds of data services failed to predict the latest shortfall, Wolfe Research analyst Marci Ryvicker said in a note.“For several days,” she said, “investors told us ‘such-and-such data service suggests domestic adds will come in line; while international might be somewhat soft.’ Wrong. I mean — right in the sense that international was soft, but totally wrong on the domestic subs part.”

If they would just stop funneling their money to untalented individuals maybe they would be more profitable obamas$300millionDeal

Surprise!

🚨♿☑💲💲💲💲💲💲$100;0000,0000,.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

After years of plenty America Inc is struggling to crank out more earningsTo assume profits for big American firms will keep on growing is complacent—and possibly dangerous Economic inequality catching up to them? It was a good run... for them. Or maybe just plain stoopid! Market just hit an all time high for the 2nd time in 1year
Источник: TheEconomist - 🏆 6. / 92 Прочитайте больше »

After years of plenty America Inc is struggling to crank out more earningsThe earnings boom of the past two decades has been fuelled by a few exceptionally profitable tech firms Long Bitcoin. Short the Banks. America Inc mints $1bn every five hours. But the era of relentlessly exploiting poor folks is under threat of exploiting them to death not to mention the gold standard being advocated by Trumpty bird's latest fed nomination is complete absurd non sense.
Источник: TheEconomist - 🏆 6. / 92 Прочитайте больше »